Washington, July 6 -- As the 90-day pause on President Donald Trump's sweeping new "reciprocal" tariff regime approaches its expiration at 12:01 a.m. ET (9-31 PM IST) on July 9, uncertainty hangs heavy over global markets, U.S. trade partners and investors alike.
Announced on April 2 and dubbed "Liberation Day" by the president, the new tariff schedule introduced "reciprocal" rates on imports, some of which reached an unprecedented 50%. The move was described by analysts as the most protectionist U.S. trade policy in over a century and prompted dire warning from economists about the potential for a cascading global slowdown.
As the tariffs went into effect on April 9, they sparked a sell-off on Wall Street and the bond market rebelled, fo...