Two days ago, talk of a 90-day pause on Donald Trump’s ‘recipricoal tariffs’ was branded ‘fake news’ by the White House. This afternoon, the President has confirmed a 90-day pause on the higher tariff rates on all countries apart from China.
‘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 per cent, effective immediately,’ the President shared. This is an increase on Trump’s part, from the 104 per cent levy announced overnight, which China countered with an 84 per cent tariff on American imports, which is set to go into effect tomorrow.
Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States…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.
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