Trump announces 90-day pause on reciprocal tariffs, raises levies for China to 125% | World News
US President Donald Trump announced Wednesday that he is applying a 90-day pause on new tariffs as his trade war continues to ripple across the global economy.
At the same time, Trump revealed he is raising tariffs on Chinese goods to 125 per cent, ratcheting up his tit-for-tat with Beijing.
Trump said he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”
Story continues below this ad
It was not immediately clear which countries the pause will apply to.
In the same message, the President stated that he was increasing US tariffs on China to pressure Beijing into negotiations.
“Based on the lack of respect that China has shown to the World’s Markets, I am here raising the Tariff charged to China 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 USA, and other Countries, is no longer sustainable or acceptable,” he wrote.
© IE Online Media Services Pvt Ltd
Expand
