Global Hotspots: Trump Pauses Global Reciprocal Tariffs, Except for China

New Lines Institute for Strategy and Policy

This week, after U.S. President Donald Trump’s reciprocal tariff announcement sent global markets tumbling, he announced a 90-day pause on the levies for countries that did not retaliate, reducing tariffs to 10% for all imports. The U.S., however, increased tariffs on Chinese imports to 145%, prompting China to raise its tariffs on U.S. imports to 125% and to engage in strong outreach to the European Union, the Association of Southeast Asian Nations (ASEAN), and Australia. In Ukraine, Russian and Ukrainian forces launched new offensives while officials from the U.S. and Russia met in Istanbul for normalization talks and separately conducted a prisoner swap. In the Middle East, the U.S. and Iran agreed to conduct a first round of negotiations Saturday in Oman on a nuclear deal, while Israel and Türkiye discussed deconfliction of their operations in Syria. Read the full Weekly Forecast Monitor here: https://newlinesinstitute.org/forecast/week-20250411/ Marxist Arrow by Twin Musicom is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/