Former U.S. President Donald Trump has announced a three-month suspension of retaliatory tariffs on most countries while increasing tariffs on Chinese imports to 125%. On Truth Social, Trump wrote: “Due to China’s disrespect for global markets, we are imposing a 125% tariff on their goods, effective immediately.” U.S. Treasury Secretary Scott Bessent praised Trump’s bold move, stating that countries willing to negotiate will be rewarded. Following the announcement, U.S. stock indices surged. Notably, Trump made this decision shortly after receiving a letter from Chief Adviser Dr. Muhammad Yunus, requesting a temporary suspension of the tariffs.