Donald Trump has raised China’s tariffs again due to its “lack of respect” – and backed down over other countries calling to negotiate a solution.
The US President took to his Truth Social platform accusing China of disrepecting the “World’s Markets” and ripping off the USA. He said the tariff charged to China would therfore be raised to 125% “effective immediately”, writing: “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%, effective immediately.” He added: “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.”
But Trump also gave in to more than 75 countries calling to negotiate the tariffs charged to them. Announcing a 90-day pause, he said: “Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, 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. Thank you for your attention to this matter!”
Just hours ago, it was reported China would face tariffs of 104% from the US – which it responded to by imposing its own 84% tariffs on US goods this afternoon.
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