In a surprising move, Japan has demanded the US to review other tariffs despite positively receiving Trump’s pause on new tariffs. Markets in Indonesia and Taiwan have surged after Trump’s 90-day pause on tariffs. Republicans are pushing a rule to curb Congress’ power to override Trump’s tariff policy. South Korea and Taiwan are seeking negotiations with the US to reduce tariffs. China and the EU are discussing strengthening economic and trade cooperation in response to US tariffs. Australian official rebuffs China’s appeal to “join hands” in trade defense. Trump’s reversal on high tariffs for most countries has had a positive impact on Asian markets. However, a focus remains on China, with increased tariffs by both the US and China. Trump’s decision to stall tariffs has resulted in global markets surging. The EU has imposed retaliatory tariffs on US imports. Trump’s reversal on tariffs has led to a significant increase in US stock market indices. The US-China tariff war could have a negative impact on global trade. The EU is targeting farm produce and products from Republican states in its retaliatory tariffs. Trump’s 90-day pause on tariffs does not exempt the 25% tariff on cars. US markets have recovered after indicating openness to trade agreements. Despite the pause on most tariffs, China has announced a significant increase in tariffs on US goods. Stocks have soared after Trump’s pause on tariffs, with Wall Street seeing significant gains.
Source
Note: The image is for illustrative purposes only and is not the original image of the presented article.
