Trump's 104% tariffs on China and levies on 60 countries took effect at midnight, immediately causing Asian markets to fall. By morning, China accused the US of "bullying" while Trump claimed countries were "kissing my a**" for trade deals.

By midday, Beijing retaliated with 84% tariffs on US goods, accelerating the trade war. The EU simultaneously voted for its own retaliatory measures against Washington.

The afternoon saw UK stocks drop to a 13-month low amid warnings of intensified economic uncertainty. Then came a dramatic shift: Trump announced a 90-day pause on higher tariffs for most countries, setting a "baseline" of 10% - but increased China's rate to 125%, citing Beijing's "lack of respect."

Markets soared on this partial retreat, with Trump explaining countries were getting "yippy" and "afraid." The White House later confirmed Trump remains open to negotiations despite the China escalation. HEBREWSUMMARY: Not applicable LOCALSUMMARY: Trump's 104% tariffs on China and levies on 60 countries took effect at midnight, immediately causing Asian markets to fall. By morning, China accused the US of "bullying" while Trump claimed countries were "kissing my a**" for trade deals.

By midday, Beijing retaliated with 84% tariffs on US goods, accelerating the trade war. The EU simultaneously voted for its own retaliatory measures against Washington.

The afternoon saw UK stocks drop to a 13-month low amid warnings of intensified economic uncertainty. Then came a dramatic shift: Trump announced a 90-day pause on higher tariffs for most countries, setting a "baseline" of 10% - but increased China's rate to 125%, citing Beijing's "lack of respect."

Markets soared on this partial retreat, with Trump explaining countries were getting "yippy" and "afraid." The White House later confirmed Trump remains open to negotiations despite the China escalation.