China Warns U.S : ‘No Winners in Trade War’ as Global Stocks Rally Amid Lingering Uncertainty

On April 10, 2025, President Donald Trump announced a 90-day suspension of planned tariff increases on most trading partners, providing a temporary reprieve for global markets. This decision led to a significant surge in stock markets worldwide, including notable gains in European indices such as Germany’s DAX and France’s CAC 40.

Despite the overall tariff pause, the U.S. escalated its trade measures against China by increasing tariffs on Chinese imports to 125%. In response, Chinese officials condemned the U.S. actions as unilateral and protectionist, emphasizing that such measures would harm both nations and the global economy. China has reached out to other countries, including those in the European Union and ASEAN, seeking support and strengthening trade alliances. ​

While the tariff suspension has provided short-term relief to global markets, uncertainty persists regarding the long-term trajectory of U.S.- China trade relations. Analysts caution that the ongoing tensions and policy unpredictability may continue to contribute to market volatility and economic instability. ​

In the financial markets, the SPDR S&P 500 ETF Trust (SPY) is currently priced at $548.62, reflecting a positive change of 9.37% from the previous close. Similarly, the iShares China Large-Cap ETF (FXI) stands at $31.68, up 7.06%, and the iShares MSCI EAFE ETF (EFA) is at $78.59, an increase of 7.73%.