Why Trump Hit 90-Day Pause On Tariffs For All Countries, Except China

Washington, United States:

US President Donald Trump on Wednesday announced a 90-day pause on his sweeping tariffs on all countries, barring China – a move that seemed nearly impossible just 24 hours ago. According to Trump, who had introduced the slew of tariffs to address the alleged trade imbalance with the US, over 75 countries had negotiated and not retaliated against him – which led to the pause. During the 90 days, a significantly reduced reciprocal tariff of just 10 per cent would be in effect, he said.

For China, however, Trump announced an immediate increase in tariffs on China to 125 per cent, up from the previously declared 104 per cent.