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Trump Pauses Tariffs for 75 Countries Negotiating With US – but Hits China With 125% – as Market Rebound Surges
The 90-day pause and reduction to 10% tariffs was for countries actively working with the U.S. to restructure trade deals The post Trump Pauses Tariffs for 75 Countries Negotiating With US – but Hits China With 125% – as Market Rebound Surges appeared first on TheWrap.
Donald Trump on Wednesday announced a 90-day “pause” on tariffs for countries actively negotiating new trade deals with the United States, reducing penalties to 10% across the board for compliant nations while hitting China with a whopping 125% tariff on import goods.
Trump announced both moves in the same Truth Social post. The financial markets responded positively to the midday announcement after an already more promising Wednesday morning, with the S&P 500, Nasdaq, and Dow Jones all starting the day with healthy gains.
More to come …
The post Trump Pauses Tariffs for 75 Countries Negotiating With US – but Hits China With 125% – as Market Rebound Surges appeared first on TheWrap.
