Trump Tariff Pause for 90 Days: In a major move, U.S. President Donald Trump raised tariffs on Chinese goods to 125%. At the same time, he announced a 90-day pause on tariffs for most other countries. This unexpected decision comes at a time when global markets are facing extreme volatility.

Trump Tariff Pause for 90 Days:

Trump stated that no other president had the courage to make such a bold move. He blamed China for not respecting global trade rules and said that the high tariffs were necessary to protect U.S. interests. In a post on his social media platform, Truth Social, Trump said that the United States could no longer allow China to take advantage of it. He added that the new tariffs on Chinese imports would be effective immediately.

Meanwhile, to control the ongoing trade tensions, Trump reduced tariffs on goods from other countries to 10% during the 90-day pause. This is lower than the previous rates of 20% for the European Union, 24% for Japan and 25% for South Korea. Though this 10% tariff is still higher than what was charged earlier, it is seen as a temporary relief for many U.S. allies.

This announcement had an immediate impact on the stock market. The S&P 500 index saw a sharp rise of nearly 7% following Trump’s statement. However, Trump did not provide full details about which countries were included in the 90-day tariff pause.

According to Trump, over 75 countries have contacted the U.S. to discuss trade issues. He emphasized that these countries had not taken any retaliatory steps against the United States, which encouraged him to offer a short-term break from the tariff pressure.

However, China was quick to respond. It imposed retaliatory tariffs of 84% on American goods. This move further escalated tensions between the world’s two biggest economies. China had already warned that it would respond strongly to any additional tariffs from the U.S.

The European Union and Canada also reacted. Canada raised auto tariffs to match the U.S.’s 25% while the EU approved new taxes on American products following earlier steel and aluminum tariffs from Washington.

Trump’s new tariff policy including the 125% rate on Chinese goods, took effect from Wednesday midnight. The administration says these tariffs are negotiable but any adjustments may take months. The long-term effects of this policy on global trade rem

ain uncertain.

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