Trump Raises Tariffs Amid China Trade Tensions

President Donald Trump has significantly increased tariffs on Chinese goods to 125%, while pausing tariffs for most other nations for 90 days, creating direct trade tensions between the U.S. and China. The White House clarified that China faces a minimum tariff rate of 145% on imports to the U.S., considering previous tariffs. Meanwhile, Trump's administration is negotiating with 15 countries for potential trade deals, indicating possible shifts in U.S. trade policy. This move, following earlier financial market volatility, has caused a surge in the S&P 500 and positive reactions across global markets, but uncertainty remains due to the ongoing trade war. Economists are cautious, warning that the tariffs could impact global economies despite the market rally. Beijing has urged the U.S. to resolve differences through dialogue, stressing the potential global economic risks of the tariffs.