Why did Trump pause tariffs for 90 days for most of the country but not for China? Even increasing tariffs to 125 percent for China.
Trump Pause Tariffs Key Highlights:
- Donald Trump’s decision to raise the tariff rate for all nations has devastated the whole planet.
- More shocking news, though, is that today Trump Pause Tariffs for 90 days on the majority of the country, except for China. He even immediately increased tariffs to 125 percent on China.
- Following Trump’s unexpected decision to halt numerous new tariffs, these actions caused stocks in the US to shoot higher on Wednesday.
Washington, United States Tariff
On Wednesday, Donald John Trump, the recently elected president of the United States, declared a 90-day halt to his tariffs on all nations except China. Despite this, he promptly raised China’s tariffs to 125 percent.
According to Trump:
He claims that the pause resulted from more than 75 nations negotiating with him. And not retaliating against him after he imposed an abundance of tariffs to rectify the supposed trade imbalance with the US. “A much lower reciprocal tariff of only 10 percent would be in effect during the 90 days,” he stated.
Is Trump creating a Tariff war on China?
Trump announced an immediate increase in Tariffs on China to 125 percent, which is higher than the previously declared 104 percent. Additionally, Trump stated on Truth Social that
“In reaction to China’s disregard for international markets, I am raising the tariff that the United States of America levies on China to 125% with immediate effect. Someday, hopefully, soon, China will recognize that it is no longer viable or acceptable to continue taking from the United States and other nations.”
As a result, Beijing has sent a strong message to the entire nation that:
US tariffs are against international law and will negatively impact the rules-based multilateral trading system.
“The legitimate rights and interests of the Chinese people will not be denied,” Lin added.
Trump Pause Tariffs: US Stocks increased suddenly and strongly
On Wednesday, following the Trump Shock Move to pause many tariffs, it gave a rocket boost to Wall Street stocks. Also, within the moments of the Trump tariff pause announcement. The Dow index was strongly and suddenly ahead around 2,500 points along the way to a 98% gain on the session. Rather than this, the oil price jumped more than 4% and also the dollar became stronger.