US delays China tariffs, reshaping global trade

The US has delayed 30% tariffs on Chinese goods by 90 days, potentially impacting global supply chains. The tariffs, targeting China, were extended, offering a chance for trade resolution. However, if enacted, they could significantly disrupt trade routes and manufacturing hubs in Asia. This tariff strategy aims to pressure China, potentially leading to shifts in manufacturing to countries like Mexico or a resurgence of domestic production in the US.