Trump’s Tariff Reversal Shocks World: Urgent Trade War Escalates!

Global Markets Rally as Trump Pauses Tariffs, Targets China President Donald Trump stunned global markets and trading partners with a dramatic tariff policy reversal, announcing a temporary 90 day suspension of new tariffs on numerous countries while simultaneously hiking tariffs on Chinese imports to an unprecedented 125% from the existing 104%. This seismic shift, following the implementation of steep tariffs just 24 hours prior, ignited a robust rally in U.S. stock markets, with the S&P 500 soaring over 6% in midday trading. The unexpected move, coupled with a retained 10% blanket duty on nearly all U.S. imports, has injected fresh uncertainty into an already volatile economic landscape, prompting a flurry of reactions from world leaders, business executives, and financial analysts. As Trump leverages this bold strategy to renegotiate trade terms with over 75 nations, the world braces for the fallout of an intensifying U.S. China trade war, with recession fears lingering des...