Overview

• The U.S. has raised tariffs on Chinese imports to 145%, while China has retaliated with a 125% tariff on American goods.
• President Trump has stated that the U.S. is open to a trade deal but insists that 'the ball is in China's court' to make the next move.
• A 90-day tariff pause has been implemented for most nations, highlighting the U.S.'s selective approach, while pressure on China intensifies.
• Chinese President Xi Jinping criticized the trade war, asserting it will yield no winners and denouncing protectionist policies.
• The escalating trade tensions are contributing to global economic uncertainty, raising concerns about the broader market impact.