U.S. Implements 90-Day Tariff Suspension for Majority of Trading Partners; Elevates Tariffs on Chinese Goods
On April 9, 2025, President Donald Trump announced a 90-day suspension of tariffs for over 75 nations, reducing the baseline tariff rate to 10%. This decision aims to de-escalate trade tensions and open avenues for negotiation with countries that have not engaged in significant retaliatory...