President Donald Trump made a significant announcement on Wednesday, putting a 90-day pause on the higher tariffs imposed on over 60 trading partners. This decision marked a surprising shift in his trade policy, with the exception of China, as he plans to maintain the administration’s global baseline tariff increase of 10 percent for all countries.
However, the tariffs on China are set to escalate further, reaching 125 percent, in response to Beijing’s ongoing retaliation. In a post on Truth Social, Trump highlighted the continuation of these tariffs due to China’s actions.
Trump emphasized the temporary nature of this pause, stating, “I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period.” He also mentioned the White House’s extensive engagement with countries seeking to renegotiate their tariff rates.
This decision has sparked discussions on the impact of these tariffs on global trade dynamics and the strategies countries might adopt in response. The focus shifts to the potential outcomes of these negotiations and the implications for various industries and economies.
