President Donald Trump announced he would issue a 90-day pause on tariffs on non-retaliating countries and raise tariffs on China to 125%.
Trump, in a post on Truth Social, said the pause would lower tariff rates to 10%, the baseline that went into effect on Saturday, and would be issued to countries not retaliating on his initial tariff plan. Stocks on Wall Street skyrocketed shortly after Trump’s post.
“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
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