President Trump announced a 90-day suspension of newly imposed tariffs on multiple countries, providing relief to global markets and European leaders.
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00:00President Trump announced a 90-day suspension of newly imposed tariffs on multiple countries,
00:04providing relief to global markets after recent financial volatility.
00:08Despite this reprieve for several nations, the president intensified the trade conflict with China
00:13by raising tariffs on Chinese goods to 125%, prompting Beijing to retaliate with 84% tariffs on U.S. products.
00:22However, the European Union responded by pausing its planned countermeasures against U.S. tariffs,
00:27while the Trump White House said it was evaluating offers from over a dozen countries for potential trade agreements.
00:33The new developments led to a significant rally in global stock markets,
00:37though analysts cautioned that escalating U.S.-China tensions continued to pose risks to the global economy.