'125% Tariff On China': Trump's Non-Stop Attack After 84% Tariff Retaliation By Beijing | Details
'125% Tariff On China': Trump's Non-Stop Attack After 84% Tariff Retaliation By Beijing | Details
China-US Tariff War: President Donald Trump has declared a 90-day pause on all new "reciprocal" tariffs, excluding China, which now faces a 125% levy.
The decision triggered a massive rally on Wall Street, with the S&P 500 seeing its best day since 2008.
Trump emphasized the need to avoid hurting friendly nations.
However, economists remain cautious—Goldman Sachs warns of a 45% chance of a U.S. recession.
Despite market optimism, analysts suggest the pause may not fully counteract the economic turbulence sparked by the ongoing global trade war.
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