LM NEWS 24
LM NEWS 24

US Raises Tariffs on China to 125%, Gives 90-Day Reprieve to Other Countries

In a worsening trade war between the United States and China, the world’s two largest economies, White House has imposed a sweeping 125% tariff on all goods imported from China, with the measure set to take effect immediately, in a retaliatory move against China’s 84% tariffs on American goods.

US President Donald Trump also announced a 90-day pause to his reciprocal tariffs move, imposed on other countries, saying that these nations didn’t retaliate in any way and approached for a negotiation.

In a post on Truth Social, Trump wrote: “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.”

The US President said that at some point, hopefully in the near future, China would realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. “Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!” he wrote

On April 2, the US President had announced his “reciprocal tariff” move – wherein the US would charge other countries roughly half the tariff that nation charged the US.

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