Trump Shocks the World: Tariffs Paused for 90 Days, Except for China
Trump Shocks the World: Tariffs Paused for 90 Days, Except for China On April 9, 2025, President Donald Trump made a surprising move that sent shockwaves through global markets and trade circles. After days of intense economic pressure and a plummeting stock market, Trump announced a 90-day pause on his aggressive tariff plan for most countries. However, he doubled down on China, raising tariffs on their goods to a staggering 125%. This decision, effective immediately, has sparked reactions from Wall Street to Beijing. Here’s a breakdown of what happened and what it means. Earlier this week, Trump’s new tariff policy took effect. It slapped steep duties on imports from nearly every U.S. trading partner. The goal was to protect American jobs and reduce the trade deficit. But the plan backfired fast. Global markets tanked, losing $6 trillion in value in just two days. Businesses panicked, warning of higher prices for consumers. Economists predicted a possible recession....