Trump pauses higher tariffs for most countries for 90 days – but increases those on China to 125% | US News

Donald Trump interrupted his so -called ‘reciprocal’ rates on most of America’s trading partners for 90 days – while raising those on China to 125%.

There was Fear of a global recession and stock markets around the world have fallen afterwards Mr Trump announced its “Liberation Day” Rates on Wednesday, April 2.

However, the S&P 500 shares index jumped by 9.5% and the global markets returned after the announcement of Mr. Trump Wednesday that the increased rates on almost all trading partners would now wait.

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In a post on his truth social platform, Mr. Trump said that the ’90 days’ for the ‘more than 75 countries’ that did not retaliate at its rates in any way.

He added that during this period they still have to pay a “significantly reduced” rate of 10%, which is “immediately effective”.

This is lower than the 20% tariff that Mr. Trump for goods from the European Union, 24% on imports from Japan and 25% on products from South Korea.

The UK is already facing a 10% tariff under the new system.

Mr. Trump said the increased rate of 125% on imported goods from China was “immediately effective”.

He added: “At some point, hopefully in the near future, China will realize that the days of the US and other countries are no longer sustainable or acceptable.”

Hours after Mr. Trump announced the break on rates for most countries, an official of the White House made it clear that it did not apply to the 25% duties imposed on some US imports from Mexico and Canada.

The rates were announced for the first time in February and Mexico and Canada were not included in the ‘Liberation Day’ announcements.

Hours before the 125% tariff was unveiled on China, Beijing said it was increased rates on US goods by 50%.

This means that 84% tariffs would be enforced on US goods – higher than the 34% China previously planned.

China ‘wants to make a deal’

Asked why he “cooled” the truth of truth before announcing his tariff break, Mr. Trump told reporters in the White House: “I thought people were jumping out of line a bit.”

“They got Yippy, you know, got a little Yippy, a little scared,” he added.

Mr. Trump continued: ‘China wants to make a deal, they just don’t know how to work it.

‘[They’re] The proud people, and President XI is a proud man. I know him very well, and they don’t quite know how to do it, but they will find it out.

“They are finding out, but they want to make a deal.”

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White House press secretary Karoline Leavitt said the step -back is part of a major negotiating strategy by Mr. Trump.

“President Trump created a maximum negotiating lever for himself,” she said, adding that the news media “clearly did not see what President Trump is doing here”.

The US Treasury Secretary Scott Besent also insisted that Mr. Trump strengthened his hand through his rates.

“President Trump has created a maximum negotiating lever for himself,” he said.

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Mr Besent said that Mr. Trump decided to raise rates on China because Beijing did not reach out to the US and rather increased its own levies on US goods.

Downing Street said that the UK ‘cool and calm’ will continue with the negotiations with the US.

A spokesman for the number 10 said: “A trade war is in nobody’s interests. We do not want rates at all, so for work and livelihood in the UK, we will continue to negotiate coolly and quietly in Britain’s interests.”