Trump Halts Global Tariffs, Spares None For China

Trump paused tariffs on several nations for 90 days to aid negotiations but hiked Chinese import tariffs to 125%, escalating tensions. The move boosted US markets, with the S&P 500 rising over 9%. Senate Minority Leader Schumer welcomed the pause but warned many damaging tariffs remain, prolonging global economic uncertainty amid the US-China trade dispute.