The European Union’s exports to the U.S. hit a record high in March as businesses stockpiled goods ahead of an expected rise in tariffs that was announced by President Trump in early April.

Donald Trump’s tariffs on China will likely remain at a level expected to severely curtail Chinese exports to the US after the 90-day truce, analysts and investors say, suggesting Beijing may have to endure further economic pain despite active talks.

In a bold move to escalate his trade war, President Donald Trump plans to send letters to countries worldwide, outlining the financial costs of doing business with the U.S.