Overview

• President Trump has announced plans to impose an additional 50% tariff on Chinese imports if Beijing does not withdraw its 34% retaliatory tariffs by April 8.
• Global financial markets have been highly volatile, with Hong Kong experiencing its worst single-day drop in nearly three decades and the Dow Jones falling over 4,000 points since the tariff announcement.
• The White House has denied speculation of a 90-day tariff pause, reinforcing its commitment to the current trade strategy and dismissing such reports as 'fake news.'
• Congressional Republicans are pushing legislation to reassert authority over tariff decisions, reflecting growing bipartisan concerns about the economic impact of the policies.
• International leaders, including Japan's Prime Minister and the EU, are engaging in negotiations or proposing frameworks to address the escalating trade tensions.