US President Donald Trump holds a “Foreign Trade Barriers” document as he delivers remarks on tariffs in the Rose Garden at the White House in Washington, DC, US, April 2, 2025. — Reuters
President Donald Trump announced a 90 day pause on his sweeping tariffs Wednesday, giving all countries a 10 percent baseline except China, which will see even higher levies.
“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,” Trump wrote on Truth Social.
Saying that more than 75 countries had asked for negotiations over the tariffs, Trump said he “authorised a 90 day pause, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”
This is a developing story and is being updated with further details
