Trump Suspends Tariffs as Over 70 Countries Seek Trade Negotiations

President Donald Trump has introduced new tariffs on imports from a broad range of countries, prompting appeals from numerous world leaders and business executives for relief. In response, Trump emphasized that the U.S. aims to 'rebalance global trade' and create reciprocal, fair trading relationships, inviting foreign companies to avoid tariffs by building operations in America. The administration has temporarily paused tariff increases for 90 days for countries willing to negotiate, maintaining a base 10% tariff during this period. Key trading partners such as Japan, India, and the European Union have engaged or expressed readiness to enter negotiations with the U.S., but no major deals have been finalized yet. These actions have caused significant volatility in global markets and drawn retaliatory measures from some countries, including China and the EU. Trump maintains that the U.S. seeks a trade system that is open, stable, and mutually beneficial.