<h1>Global Trade Tensions Escalate as Leader Abruptly Announces and Then Withdraws Sweeping Economic Tariffs</h1> A high-stakes economic week unfolded where a national leader initially announced extensive global tariffs, causing market panic and business disruption. After creating significant economic uncertainty, he unexpectedly reversed course, pulling back most tariff proposals. The sudden policy shifts rattled international trade relationships, impacted global markets, and drew criticism from domestic political allies. Uncertainty remains about the strategic objectives, with ongoing trade negotiations and lingering tariffs on multiple countries.