United States President Donald Trump has issued a 90-day pause for "reciprocal tariffs" and lowered the tariff rate to 10% on countries that do not retaliate with counter-tariffs. However, the President also said he would increase the reciprocal tariff rate on China to 125% due to the country's counter-tariffs against the US. Trump wrote in an April 9 Truth Social post: "At some point, hopefully, in the near future, China will realize that the days of ripping off the USA and other countries is n...
US President Donald Trump issues 90-day pause on reciprocal tariffs
Coin Telegraph - 9 Apr 2025 19:41
United States President Donald Trump has issued a 90-day pause for "reciprocal tariffs" and lowered the tariff rate to 10% on countries that do not retaliate with counter-tariffs. However, the President also said he would increase the reciprocal tariff rate on China to 125% due to the country's counter-tariffs against the US. Trump wrote in an April 9 Truth Social post: "At some point, hopefully, in the near future, China will realize that the days of ripping off the USA and other countries is n...
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