Last Updated on 5 months by Ashley Michael
President Trump has just issued another warning about the escalating trade war with China. on his platform Truth Social, he just announced that he would raise tariffs on Asian powers by 125 percent “effective immediately”.
At the same time, President Trump has indicated that he would suspend some country tariffs for 90 days, although that plan was not clear Now. Here the Full statement posted now on truth social..
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.
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!
after the retaliatory tariffs went into effect in more than 60 countries, the Trump administration backtracked, saying only 10 percent of the base price would be imposed during a “90-day pause.”
Treasury Secretary Bessent said the change was part of a “successful negotiating strategy” that has forced more than 75 countries to reach an agreement with Washington. He praised President Trump’s.
White House spokeswoman Karoline Leavitt said the media critics “clearly missed the art of the deal. You clearly failed to see what President Trump is doing here.”