125% Tariff on China, Relief for Other Countries

10-Apr-2025 09:32 AM

125% Tariff on China, Relief for Other Countries
★ US President Donald Trump has taken a tough stance on China by increasing tariffs on Chinese goods to 125%, effective immediately. However, he announced a 90-day pause on tariffs for most other countries, giving them temporary relief. Trump stated that China has shown a lack of respect for global markets, making strict action necessary.
★ Following requests from over 75 countries to open trade talks, Trump said a reduced tariff rate of 10% would be applied to them during this 90-day period. In response to the US hike, China also raised tariffs on American goods to 84%, escalating the trade war further.
★ Trump’s announcement triggered a sharp rally in US stock markets