Farcaster

In early April 2025, President Trump increased import tariffs from China to 125% after China raised tariffs to 84% on US goods. 
→ He said this was an action in response to "disrespect from China". 
→ This move created many people's fears about increasing consumer prices in the US and negatively affecting China's economic recovery. 

Trump also paused for 90 days the tariff dialogue with 75 countries that were talking to the US, reducing the basic tariff to 10% for these countries. 
→ Financial markets responded positively, US stock indexes increased.