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Trump raises China tariffs to 125% but announces 90-day pause for others (www.cnbc.com)

submitted 3 days ago by [email protected] to c/[email protected]

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Trump in a Truth Social post says he is “immediately” raising U.S. tariffs on Chinese imports to 125% “based on the lack of respect that China has shown to the World’s Markets.”

But Trump in the same post says he has “authorized a 90 day PAUSE” for other countries, pointing to what he says are more than 75 nations who have reached out to negotiate.

That pause, and “a substantially lowered Reciprocal Tariff during this period, of 10%,” are both “effective immediately,” Trump writes.

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[–] [email protected] 24 points 3 days ago* (last edited 3 days ago)

In terms of both economic and military strength it feels like Trump expected everyone to go “Oh no we need them, guess we’ll have to take a worse deal” but instead they were like “We need stability and can’t trust the US to keep its contracts for the next several years at least, so we’ll have to source elsewhere.”