Breaking : Trump Announces 90-Day Tariff Pause

We all know that the US government recently imposed a tariff of 104 percent on imports from China. It has created ripples in the global economy. On the other hand, the other foreign countries are also facing the burden of this. In this context, reportedly, Trump clarified that there will be a 90-day pause on the tariff and a substantially lowered reciprocal tariff during the period. Reportedly, Trump clarified that there would be a 90-day pause on tariffs and a substantially lowered reciprocal tariff. However, he also announced an increase in tariffs on China from 104% to 125%.

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” said Trump.

He also added, “Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!” posted Donald Trump.”

More details on the same would be out soon.