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President Trump paused tariffs on most nations for 90 days while increasing taxes on Chinese imports to 125%, aiming to focus the trade conflict on China amid global market turmoil. The S&P 500 surged nearly 7% following the announcement, reflecting market relief over potential negotiations. However, economic forecasters warn that simultaneous shocks to consumer sentiment and corporate confidence could lead the U.S. into recession.
JPMorgan CEO Jamie Dimon stated that the potential national security benefits of President Trump's proposed tariffs could outweigh inflation concerns, urging critics to "get over it." Trump plans to impose a 25% tariff on imports from Canada and Mexico, citing issues like fentanyl trafficking, while also considering a 10% tariff on Chinese goods. Economists warn that such tariffs may exacerbate inflation, which remains a concern post-pandemic.
Joe Brusuelas
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trump pauses tariffs on most nations while increasing taxes on china imports
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21:40 09.04.2025
dimon supports tariffs for national security despite inflation concerns
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09:28 23.01.2025
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