President Donald Trump announced Wednesday a 90-day pause on tariffs for countries that have not retaliated against the U.S., while simultaneously raising tariffs on China to 125%. The pause applies to more than 75 nations and includes a temporary reduction in reciprocal tariffs to 10%.
In a post on X, Trump said the pause was granted because those countries had reached out to U.S. agencies—Commerce, Treasury, and USTR—to negotiate on trade, currency issues, and tariffs. Commerce Secretary Howard Lutnick called it “one of the most extraordinary Truth posts of his Presidency.”
Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.
Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!
Despite the global pause, Trump sharply criticized China for its “lack of respect” toward world markets. The tariff hike on Chinese imports follows ongoing tit-for-tat escalations between the two nations.
The pause takes effect immediately, though it remains unclear how long-standing trade conflicts may evolve during the 90-day window.
Sources
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
