Total U.S. tariffs on Chinese goods have now surged to 145%. In response, China has raised tariffs on U.S. products to 125% and stated it will disregard any further tariff hikes from Washington. Meanwhile, the U.S. is maintaining a 10% universal baseline tariff on most nations and has placed a 90-day pause on all additional tariffs ahead of potential negotiations. How is the world reacting? And what are the broader implications for global trade and the world economy?