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Trump Delays Tariffs, China Hits Back with Restrictions

4/23/2025

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Summary

Story summary

In a dramatic move, President Trump has delayed "Liberation Day" tariffs for 90 days, sparing China from immediate impacts. In response, China has ramped up its tariffs and imposed film import restrictions. Meanwhile, Malaysia grapples with a staggering 24% tariff, shaking business confidence and raising fears of slower economic growth as trade negotiations continue.

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Story summary

In a dramatic move, President Trump has delayed "Liberation Day" tariffs for 90 days, sparing China from immediate impacts. In response, China has ramped up its tariffs and imposed film import restrictions. Meanwhile, Malaysia grapples with a staggering 24% tariff, shaking business confidence and raising fears of slower economic growth as trade negotiations continue.