Overview

• President Donald Trump has imposed a 125% tariff on Chinese imports, marking a significant escalation in the ongoing trade dispute with China.
• A 90-day pause on tariffs for most other trading partners has been announced, aimed at encouraging negotiations to address trade imbalances.
• China has retaliated with counter tariffs of 84% on US goods, further intensifying the trade conflict between the two largest global economies.
• The European Union has introduced retaliatory tariffs of 10–25% on select US exports, with additional measures planned in the coming months.
• Global markets are experiencing volatility, with industries like pharmaceuticals, machinery, and chemicals warning of potential oversupply and price dumping due to redirected trade flows.