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Nia Simpson
Trump Initiates 90-Day Pause on Tariffs, Increases China Tariff to 125%
President Trump has paused reciprocal tariffs, increasing those on China to 125% instead. He announced a 90-day pause with a lowered 10% tariff and expressed a desire for improved trade negotiations. This news has significantly boosted the stock market, with major indices surging.
President Donald Trump has announced a complete halt on all reciprocal tariffs, effective immediately, with China being the sole exception. He stated that tariffs on China will rise to 125%, an increase from the previous 104%. In a post on Truth Social, he revealed that the 90-day pause will feature a substantially lowered reciprocal tariff of 10%.
In conclusion, President Trump has implemented a 90-day pause on reciprocal tariffs while increasing the tariffs on China to 125%. This strategic move aims to signal a willingness to negotiate and improve trade relations, particularly in response to China’s recent retaliatory actions. The announcement has positively impacted the stock market, reflecting investor optimism.
Original Source: www.cnn.com
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