Trump ‘pauses’ many Countries’ Reciprocal Tariffs for 90 Days at 10% but increases China Tariff to 125%

Donald Trump ordered to limit reciprocal tariffs for 90 days at 10% for 75 countries – in view of the ongoing  negotiations with these countries – but hit China with an additional tariff totalling 125%.

The stock markets reacted positively.

Donald Trump’s Truth Social message reads:

“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.

“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.

“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!”