Day: April 9, 2025

President Trump announced Wednesday that his “reciprocal” tariff scheme was being paused for 90 days in response to overtures from dozens of countries — but duties on Chinese imports would be heightened to 125% due to a “lack of respect” from Beijing. Trump told reporters at the White House that “yippy” critics and a “queasy” bond market were factors in his abrupt reversal.

Read more at https://nypost.com/2025/04/09/us-news/trump-pauses-tariff-hikes-for-90-days-against-most-countries-hikes-china-rate-to-125/

#donaldtrump #tariff #china

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Donald Trump authorises 90-day pause in tariffs on most countries except China

In a post on Truth Social, Trump said he was imposing a steeper tariff rate of 125% on Beijing because of ‘the lack of respect China has shown the World’s Markets.’

READ MORE : http://www.euronews.com/2025/04/09/us-president-donald-trump-says-he-will-raise-tariff-rate-on-chinese-imports-to-125

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President Trump welcomes global leaders to the White House for negotiations over reciprocal tariffs; The White House pauses tariffs on most nations for 90 days but raises taxes on Chinese imports.

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Wall Street surged Wednesday after President Trump announced a 90-day pause on reciprocal tariffs for many countries. CBS News’ Maurice DuBois anchors a special report.

CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations’ top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.

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President Trump announced Wednesday he is increasing tariffs on China to 125% while suspending reciprocal tariffs “beyond” 10% on other U.S. trade partners f…