Trump says ‚more than 75 countries‘ want to negotiate trade deals to remove the tariffs. China, however, imposed its own 84% retaliatory tariffs on US imports today.
Consumers can breathe a (temporary) sigh of relief. With price hikes and product delays piling up, President Trump today halted „reciprocal tariffs“ for most countries for 90 days. For China, however, tariffs are ballooning from an already-eye-popping 104% to 125%.
In a Wednesday Truth Social post, Trump said: “I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”
The statement suggests that a 10% tariff will remain in place for affected countries. But the additional levies, which topped 40% on imports from countries like Vietnam, Cambodia, and Taiwan are on hold for at least three months.
Trump says “more than 75 Countries” have called US officials about negotiating trade deals to remove the tariffs.
