Trump Says 90 Day Pause on Reciprocal Tariffs but 10% Continues; China Tariff Going to 125%
President Donald Trump, on his social media account, said that he will drop high reciprocal tariffs that started today for 90 days. However, the 10% tariff imposed on nearly all trading partners will remain.
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In the same post, Trump said he is hiking the tariff on Chinese imports to 125%, in response to the lack of respect that China has shown to the World's Markets."
He said all these changes will be "effective immediately."