Trump shifts focus of trade war to China after EU tariff delays: Live updates

Americans are reacting to recent trade war developments, such as a 90-day pause on global reciprocal tariffs for some countries, and an increase in China’s levy. The European Union has decided to delay countermeasures against U.S. tariffs for 90 days. President Trump’s announcement of the tariff pause for nations that did not retaliate led to a boost in U.S. and global stock markets. However, tensions with China continued to escalate as Trump raised tariffs on Chinese goods. The U.S. stock market saw historic gains on the tariff pause, but uncertainty remains as the situation continues to fluctuate. Trump’s decision to pause tariffs was a sudden shift that was influenced by overwhelming interest from countries seeking trade deals with the U.S. following the initial tariff announcement. The U.S. also announced exemptions and suspensions of certain tariffs, but certain sectors like autos and energy remain affected. Michigan Governor Gretchen Whitmer called for exemptions for these sectors during a meeting with Trump. The situation remains volatile, with fears of a recession looming as an economic indicator has entered correction territory. A recession is defined by a significant decline in economic activity spread across various sectors and lasting for more than a few months. The ongoing trade war has the potential to impact the U.S. economy and consumers.