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Trump pauses tariffs on most nations for 90 days, hikes China import tax to 125%

Crime Today News - 09/04/2025 at 17:45

Trump pauses tariffs on most nations for 90 days, hikes China import tax to 125%

US President Donald Trump
| Photo Credit:
Carlos Barria/Reuters

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125 per cent.

It was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to one between the US and China.

Global markets surged on the development, but the precise details of Trump’s plans to ease tariffs on non-China trade partners were not immediately clear.

NEW TRUTH SOCIAL FROM PRESIDENT TRUMP:

125% TARIFF ON CHINA
90-DAY PAUSE & LOWERED 10% RECIPROCAL TARIFF FOR OTHER COUNTRIES

EFFECTIVE IMMEDIATELY pic.twitter.com/Gt5Bd6276m

— The White House (@WhiteHouse) April 9, 2025

Published on April 9, 2025

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