Overview

• The US has raised tariffs on Chinese imports to 145%, prompting China to retaliate with tariffs of 125% on US goods, further deepening the trade conflict.
• President Trump has temporarily paused tariffs on over 75 countries for 90 days but continues to enforce aggressive measures against China.
• Republican lawmakers and business leaders have voiced growing dissatisfaction with Trump’s tariff strategy, citing market instability and inflation concerns.
• The US government is pursuing over 75 potential trade agreements, but economists warn that rising global protectionism could risk a worldwide economic crisis.
• European leaders are urging strategic responses to the trade tensions, emphasizing the need to reduce dependency on both the US and China.