Trump Pauses Tariffs for 75 Nations, Escalates Trade War with China

The US President announces a 90-day tariff freeze for most countries while raising tariffs on Chinese imports to 125%, citing economic pressures and trade imbalances.

President Trump declared a 90-day suspension of increased tariffs for over 75 nations to facilitate trade negotiations, offering temporary relief to global markets.
China faces a sharp escalation in tariffs, with rates raised to 125%, as Trump accuses the country of disrespecting global trade norms.
The decision to pause tariffs for most countries follows significant market volatility and rising US bond yields, which increased government debt costs.
Trump's tariff strategy aims to pressure trade partners into addressing what he deems unfair practices, including non-tariff barriers and currency manipulation.
Markets reacted positively to the tariff pause, with major indices rallying, though concerns about long-term trade tensions and economic uncertainty remain.