Trump’s Tariff Revisions Intensify US-China Trade Tensions
The US partially suspends tariffs for most nations while maintaining steep tariffs on China, prompting retaliation and market turmoil.
- On April 9, 2025, President Trump announced a 90-day suspension of tariffs for most countries, excluding China, marking a significant policy shift.
- China countered by raising tariffs on US goods to 125%, escalating trade tensions between the two nations.
- The US exempted smartphones, computers, and related electronics from tariffs, aiming to prevent sharp price increases for consumers.
- Global financial markets experienced extreme volatility throughout the week, with major indices fluctuating in response to tariff announcements and reversals.
- European officials expressed concerns about potential economic disruptions, warning of increased Chinese exports to European markets as a result of the trade dispute.
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