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Trump Introduces 90-Day Tariff Pause for Most Countries

  • President Donald Trump announced a 90-day pause on tariffs for over 75 countries, lowering their tariff rate to 10% as part of ongoing trade negotiations.
  • Trump raised tariffs on China to 125% due to a perceived lack of respect towards global markets.
  • Treasury Secretary Scott Bessent stated that the pause was part of a successful negotiating strategy, bringing countries forward to negotiate.
  • Market volatility surged around the announcement, raising concerns about potential economic destabilization.
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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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rd.nl broke the news in Apeldoorn, Netherlands on Monday, April 7, 2025.
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