US EditionTrump Introduces 90-Day Tariff Pause for Most Countries
- US President Donald Trump announced a 125% tariff on Chinese goods, citing a lack of respect from China toward world markets as the reason for the increase.
- Following the US tariffs, China raised its tariffs on US goods from 34% to 84% in retaliation.
- The European Union voted to impose retaliatory tariffs on $23 billion of US goods due to Trump's steel and aluminum tariffs, describing them as unjustified.
- Trump authorized a 90-day pause on tariffs for over 75 countries, implementing a reduced 10% reciprocal tariff for that period.
653 Articles
653 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.
ashepostandtimes.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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