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LetMyPeopleVote

(166,621 posts)
14. Trump announces 90-day pause on 'reciprocal' tariffs with exception of China
Wed Apr 9, 2025, 01:51 PM
Apr 2025

trump is blinking



https://www.cnn.com/2025/04/09/business/reciprocal-tariff-pause-trump/index.html

President Donald Trump announced a complete pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China.

Tariffs on China will be increased to 125% from 104%, he said.

Trump in a Truth Social post Wednesday said he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

“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,” Trump said in his social media post. “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,” he wrote.

The higher tariffs on China came after Beijing announced new retaliatory tariffs on the United States to take effect on Thursday. The Trump administration has taken particular aim at China’s trade practices.


Recommendations

1 members have recommended this reply (displayed in chronological order):

But not the most active countries, including China. Scrivener7 Apr 2025 #1
Yeah but, somebody cashed in today. gab13by13 Apr 2025 #3
Just keep Traildogbob Apr 2025 #5
And that is the purpose of Bettie Apr 2025 #7
Yep. They bought on the lows. But I think this isn't over. The bond market is Scrivener7 Apr 2025 #11
bonds turned around and are now unchanged moonshinegnomie Apr 2025 #17
Probably. Because if we thought last week was bad, that would have made it look like a party. Scrivener7 Apr 2025 #21
Diaper don has a new toy Marthe48 Apr 2025 #2
BLIIIIIIIIINK Prairie Gates Apr 2025 #4
The Turd waves the "white flag." His ignominious "surrender" begins ... Tarzanrock Apr 2025 #6
Why would any other Bettie Apr 2025 #9
Wow...the S&P 500 took off like a rocket NCDem47 Apr 2025 #8
Chicken-ass chicken... smh Montauk6 Apr 2025 #10
This fucking idiot Sanity Claws Apr 2025 #12
This now opens up the Turd's time so that he can focus on ... Tarzanrock Apr 2025 #13
Trump announces 90-day pause on 'reciprocal' tariffs with exception of China LetMyPeopleVote Apr 2025 #14
No one is capitulating to the insane Turd. Tarzanrock Apr 2025 #15
Give America Whiplash Again IronLionZion Apr 2025 #16
the penguins won.... moonshinegnomie Apr 2025 #18
So this whole mess blew up in his face. Dulcinea Apr 2025 #19
Making it up as he goes along. He doesn't have a fucking clue. Paladin Apr 2025 #20
Why not assume it's market manipulation? dchill Apr 2025 #22
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