President Donald Trump says he is pausing his tariffs scheme for 90 days on 75 trading partners who have not retaliated against his administration’s tariff regime that accelerated after midnight Wednesday.
In a post on X just before 1:30 p.m., Trump wrote the move was based on the fact that these countries had called in to “discuss” the issues Trump had raised regarding their alleged trade barriers with the U.S.
A 10% duty across-the-board duty will remain in place for these countries, Trump added.
However, Trump said duties against China would now climb to a total of 125%, 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,” he wrote. “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.”
This is a developing story. Please check back for updates.
