Trump announced the U.S. would lower reciprocal tariffs for other countries, while also revealing that his administration would immediately hike tariffs on Chinese goods to 145%.
President Donald Trump ramped up steep tariffs against Chinese imports to the U.S. this week while alleviating them for other countries during trade negotiations this week. He also signed a series of executive orders aimed at repealing Biden-era restrictions.
The Trump administration announced Wednesday it would lower reciprocal tariffs on other countries, while also revealing that the administration would immediately hike tariffs on Chinese goods to 145%. In response, China has raised its tariffs on U.S. goods to 125%.
Trump disclosed historic tariffs in a ceremony at the White House’s Rose Garden for a „Make America Wealthy Again“ event on April 2, asserting that these new duties would generate new jobs for U.S. workers.
The tariff plan established a baseline tax of 10% on all imports to the U.S., along with customized tariffs for countries that place higher tariffs on U.S. goods. The baseline tariffs of 10% took effect Saturday, while the others took effect Wednesday at midnight.
But Trump announced in a post on Truth Social Wednesday that reciprocal tariffs announced last week would remain paused for 90 days, during which period the countries would only face the baseline 10% tariff.
„At some point, hopefully in the near future, China will realize that the days of ripping off the U.
