Trump Pauses Global Tariffs for 90 Days After China Trade Tensions

Former President Donald Trump has reversed course on his global tariff policy, announcing a 90-day pause on implementing new tariffs. This decision arrives amidst heightened trade tensions between the United States and China. The former president had recently increased tariffs on Chinese goods, citing what he described as Beijing's unfair trade practices and intellectual property theft. China responded with its own retaliatory tariffs on American products, further escalating the trade conflict.

Trump's initial move to impose tariffs was intended to pressure China into making concessions on trade imbalances and intellectual property issues. However, the resulting trade war has impacted businesses and consumers in both countries. The 90-day pause is intended to create an opportunity for both sides to engage in negotiations and potentially reach a resolution. Experts suggest that this pause could lead to a more comprehensive trade agreement, but the outcome remains uncertain. The global economy will be closely watching the progress of these negotiations.