Trump Announces 90-Day Pause On Reciprocal Tariffs For Most Countries40Фото1Видео© hindustantimes.com

Trump Announces 90-Day Pause On Reciprocal Tariffs For Most Countries

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Capping a day dominated by a back-and-forth between the US and China, Donald Trump on Wednesday made two major announcements on tariffs, appearing to give most countries a breather but doubling down on his tough stance on Beijing.

After the US raised tariffs on China to 104%, Beijing retaliated, announcing that it will impose a levy of 84% on US imports, up from 34%, marking a significant escalation of the tariff trade war between the countries.

The US counter-strike was swift, and brutal.

Taking to his social media platform TruthSocial, the US president announced that he was raising tariffs on China even further- to 125%, effective immediately.

We are reviewing the situation from time to time with SEAI leaders of other States.
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