Trump administration labels 90-day trade war pause as 'Fake News,' doubling down on tariff blitz that’s roiling markets

Donald Trump has threatened to impose an additional 50% tariff on China if they do not withdraw their 34% tariff on US goods by April 8th, 2025. The White House press secretary refuted claims of a 90-day pause in the trade war, reaffirming the administration's commitment to its tariff plan. This escalation has caused market instability.