President Donald Trump has announced an immediate tariff increase on China to 125% while granting a 90-day tariff reduction to 10% for over 75 other countries.
The announcement led to an immediate and massive surge in the stock market.
Trump announced the tariff change on Truth Social, writing that it was due to China’s “lack of respect for the World’s Markets.”
In response to Trump’s original 104% tariff on China, the Chinese government announced it would retaliate by increasing tariffs on American products from 34% to 84%.
Trump highlighted discussions with representatives from over 75 other countries by U.S. departments such as Commerce, Treasury, and the Office of the U.S. Trade Representative (USTR). These nations, he wrote, have sought to negotiate solutions regarding trade barriers, tariffs, currency manipulation, and non-monetary tariffs.
Emphasizing their restraint from retaliating against the U.S., unlike China, Trump authorized a 90-day “pause” and a reduced reciprocal tariff rate of 10% for these countries, effective immediately.
The post read:
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. At some point, hopefully in the near future, China will 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!
Earlier in the day, Trump had written, “THIS IS A GREAT TIME TO BUY!!! DJT”
China has not publicly commented on the tariff announcement at this time.
The post BREAKING: Trump Announces Immediate Tariff Increase on China to 125% and Grants 90-Day Tariff Reduction for Over 75 Other Countries appeared first on The Gateway Pundit.
