US Commerce Secretary Howard Ruckman states that the 90-day tariff pause was not influenced by market reactions. President Trump decided to pause tariffs on 75 countries, while hiking taxes on Chinese imports to 125%. Ruckman explains the decision as respecting countries willing to negotiate, maintaining 10% reciprocal tariffs across the board except for China. An…
Donald Trump has announced a 125% tariff hike on Chinese goods while offering a 90-day pause on reciprocal tariffs for 75 countries that have been negotiating. China has responded defiantly, warning against bullying and blackmail. Meanwhile, China and the European Union are discussing closer trade ties, including negotiations on electric vehicles and investment cooperation, potentially…
President Trump on Wednesday dramatically reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession, saying just hours after stiff levies went into effect on nearly 60 countries that he would pause them for 90 days. But the president did not back down…
Reciprocal tariffs on China were raised to 125% by Trump. US President Donald Trump on Wednesday announced a 90-day pause on the rollout of reciprocal tariffs on most countries, with the exception of China. US stock markets reacted positively to the news, showing remarkable gains. The S&P 500 index climbed 5.7% after recovering from a…
US President Donald Trump on Wednesday announced a 90-day pause on his reciprocal tariff policy, just 24 hours after it came into effect triggering fears of a major trade war and raising concerns about a global recession. However, he announced an immediate increase in tariffs on China to 125 percent, up from the previously declared…