Trump Suspends Tariffs Amid Economic Pressure, Market Instability

President Trump's new tariff agenda has sparked significant backlash, leading to market instability and a dip in his approval ratings. He initially announced a sweeping 10 percent tariff on all goods and subsequent higher tariffs on Chinese imports, but later paused most tariffs for 90 days following intense economic pressure. Commerce Secretary Howard Lutnick indicated that electronics, previously exempt, would soon face tariffs under a new semiconductor-focused plan. Critics argue that Trump's handling of tariffs undermines his credibility and risks damaging the U.S. economy and international relations. The abrupt policy changes reflect a retreat from his earlier strongman image, raising questions about the stability of his presidency. Amidst this turmoil, business leaders and lawmakers are increasingly concerned about the long-term implications of Trump's trade strategies.