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Donald Trump Hits 90-Day Pause On Tariffs On 75 Countries, Raises Them On China
Donald Trump said he was pausing tariffs on 75 countries for 90 days, a major shift in his signature economic policy initiative that has sent markets gyrating and economists and CEOs predicting recession. Meanwhile, he said that he was raising the tariff on China to 125%, after Beijing imposed retaliatory measures of its own. Trump’s […]
Photo by SAUL LOEB/AFP via Getty Images Donald Trump said he was pausing tariffs on 75 countries for 90 days, a major shift in his signature economic policy initiative that has sent markets gyrating and economists and CEOs predicting recession. 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. 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.
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