Overview

• President Donald Trump has reiterated his commitment to aggressive tariff policies, rejecting calls for a suspension despite global financial instability.
• Trump issued a deadline for China to withdraw its 34% retaliatory tariffs by noon today, warning of an additional 50% tariff if the demand is ignored.
• China has refused to comply, labeling the U.S. approach as coercion and vowing to escalate its countermeasures if necessary.
• The European Union proposed a mutual suspension of industrial goods tariffs, but Trump dismissed the offer, instead urging EU nations to increase U.S. energy imports to offset trade deficits.
• Global markets remain volatile, with analysts warning of significant economic fallout, including potential recessions and disruptions to international trade relationships.