Trump suspends tariffs for 90 days, raises tariffs on China: escalation of US China trade war
Faced with the collapse of the global market, President Donald Trump suddenly lifted tariffs on most countries for 90 days on Wednesday.
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Faced with the collapse of the global market, President Donald Trump suddenly lifted tariffs on most countries for 90 days on Wednesday.
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After Trump announced the implementation of reciprocal tariffs, analysts from the internationally renowned UBS Group said that in response to the US tariffs, US retailers may need to raise prices by 10% to 12%.
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Recently, the US tariff policy has been like a heavy bomb, causing waves in the commercial market and bringing unprecedented impact and challenges to the US and even the global business sector.
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Recently, US President Donald Trump signed the "reciprocal tariffs" executive order, trying to pressure trading partners with high tariffs, claiming that countries exporting to the United States will be levied a tax rate equivalent to US import tariffs.
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In April 2025, the US government set off a new round of trade policy storm in the name of "reciprocal tariffs", whose wide scope and radical tax rate setting are rare in the history of modern international trade.
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According to the latest analysis by industry experts at Cox Motors, it is expected that new and used car prices in the United States will significantly rise this year under President Donald Trump's 25% car tariffs.
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On April 7, 2025, US President Donald Trump made it clear that he would not suspend the so-called "reciprocal tariff" policy.
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According to foreign media reports, at the key node of TikTok facing the United States "do not sell or ban", e-commerce giant Amazon suddenly threw out an "olive branch" and proposed to fully acquire TikTok's US business for $45 billion, which instantly set off waves in the global technology and business fields.
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Recently, the US government announced the implementation of new tariff policies, significantly increasing the tax rate on some imported goods, which has caused widespread concern.
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On April 4, US President Trump announced that the "no sale or ban" ban on TikTok would be postponed for another 75 days.
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Recently, the international economic field has been stirred up by a major piece of news.
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