Reported 8 days ago
President Trump announced a significant increase in tariffs on China, raising them to 125%, while implementing a 90-day pause on reciprocal tariffs for other countries. In response, the European Union decided to delay its retaliatory tariffs on U.S. goods, aiming to give diplomatic negotiations a chance. This pause sent stock markets soaring, reflecting optimism among investors amid the escalating trade tensions.
Source: YAHOO