US EditionTrump Introduces 90-Day Tariff Pause for Most Countries
- President Donald Trump announced a 90-day pause on tariffs for countries that have not retaliated economically against the United States, stating it is effective immediately.
- Trump authorized a reciprocal tariff of 10% during the pause, highlighting that over 75 countries have engaged with the United States regarding tariffs.
- Treasury Secretary Scott Bessent stated that Trump's actions executed a successful negotiating strategy bringing over 75 countries to negotiate.
- In addition to the tariff pause, Trump increased the tax rate on Chinese imports to 125% due to a worldwide market crisis.
655 Articles
655 Articles
Karoline Leavitt Says Admin Already Finalizing First Of Likely Many Tariff Deals
White House Press Secretary Karoline Leavitt said on Fox News Friday that the tide has turned in favor of President Donald Trump’s economic and trade strategy, citing a flurry of international interest in new bilateral deals. “Hannity” host Sean Hannity referred to the more than 75 countries that “all want to come to the table […] Karoline Leavitt Says Admin Already Finalizing First Of Likely Many Tariff Deals
Mullaney quoted in Politico on the Trump administration's ability to reach trade deals within the 90-day pause
The post Mullaney quoted in Politico on the Trump administration’s ability to reach trade deals within the 90-day pause appeared first on Atlantic Council.
thesalemnewsonline.com
Trump's tariff pause gives market relief, but China trade war intensifies
US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China.
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