Trump Hits Pause on Tariffs—Except for China, Which Faces a 125% Spike
In a move that’s sending shockwaves through global markets, President Donald Trump announced today a 90-day pause on the recently imposed “reciprocal” tariffs for most countries, maintaining them at 10% during this period. However, in a bold escalation, tariffs on Chinese imports have been hiked to a staggering 125%.