{"id":278298,"date":"2025-04-09T23:13:05","date_gmt":"2025-04-09T23:13:05","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/09\/trump-pauses-higher-tariffs-for-most-countries-for-90-days-but-increases-those-on-china-to-125\/"},"modified":"2025-04-09T23:13:05","modified_gmt":"2025-04-09T23:13:05","slug":"trump-pauses-higher-tariffs-for-most-countries-for-90-days-but-increases-those-on-china-to-125","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/09\/trump-pauses-higher-tariffs-for-most-countries-for-90-days-but-increases-those-on-china-to-125\/","title":{"rendered":"Trump pauses higher tariffs for most countries for 90 days – but increases those on China to 125%"},"content":{"rendered":"
\"Trump<\/div>


\n<\/p>\n

\n

Donald Trump has paused his so-called “reciprocal” tariffs on most of America’s trading partners for 90 days – while increasing those on China to 125%.<\/p>\n

There have been fears of a global recession<\/a><\/strong> and stock markets around the world had plummeted after Mr Trump<\/a><\/strong> announced his “Liberation Day”<\/a><\/strong> tariffs on Wednesday 2 April.<\/p>\n

However, the S&P 500 stock index jumped 9.5% and global markets bounced back following Mr Trump’s announcement on Wednesday that the increased tariffs on nearly all trading partners would now be paused.<\/p>\n

Tariffs latest:<\/strong> Trump gives reasons for pausing some tariffs<\/strong><\/a><\/p>\n

In a post on his Truth Social platform, Mr Trump said the “90-day pause” was for the “more than 75 countries” who had not retaliated against his tariffs “in any way”.<\/p>\n

He added that during this period they would still have to pay a “substantially lowered” 10% tariff, which is “effective immediately”.<\/p>\n

It is lower than the 20% tariff that Mr Trump had set for goods from the European Union, 24% on imports from Japan and 25% on products from South Korea.<\/p>\n

The UK was already going to face a blanket 10% tariff under the new system.<\/p>\n

Mr Trump said the increased 125% tariff on imported goods from China was “effective immediately”.<\/p>\n

He added: “At some point, hopefully in the near future, China will realise that the days of ripping off the USA, and other countries, is no longer sustainable or acceptable.”<\/p>\n

\n
\n

What’s in Trump’s tariff pause?<\/h4>\n<\/p>\n

Here’s what Donald Trump’s tariff pause entails:<\/p>\n

‘Reciprocal’ tariffs on hold <\/p>\n

\u2022 Higher tariffs that took effect today on 57 trading partners will be paused for 90 days <\/p>\n

\u2022 These include the EU, Japan and South Korea, all of which will face a baseline 10% duty instead <\/p>\n

\u2022 Countries that already had a 10% levy imposed since last week – such as the UK – aren’t affected by the pause\n<\/p>\n

China tariffs increased\n<\/p>\n

\u2022 Trump imposed a higher 125% tariff on China\n<\/p>\n

\u2022 That’s in addition to levies he imposed during his first term\n<\/p>\n

\u2022 China had hit the US with 84% tariff earlier today, following tit-for-tat escalations\n<\/p>\n

No change for Canada or Mexico\n<\/p>\n

\u2022 Canadian and Mexican goods will remain subject to 25% fentanyl-related tariffs if they don’t comply with the US-Mexico-Canada trade agreement’s rules of origin\n<\/p>\n

\u2022 Compliant goods are exempt\n<\/p>\n

Car and metal tariffs remain\n<\/p>\n

\u2022 Trump’s pause doesn’t apply to the 25% tariffs he levied on steel and aluminium in March and on cars (autos) on 3 April\n<\/p>\n

\u2022 This 25% tariff on car parts does not come into effect until 3 May\n<\/p>\n

Sectors at risk\n<\/p>\n

\u2022 Copper, lumber, semiconductors, pharmaceuticals and critical minerals are expected to be subject to separate tariffs, in the same way autos are<\/p>\n<\/p><\/div>\n<\/div>\n

Hours after Mr Trump announced the pause on tariffs for most countries, a White House official clarified that this did not apply to the 25% duties imposed on some US imports from Mexico and Canada.<\/p>\n

The tariffs were first announced in February and Mexico and Canada were not included in the “Liberation Day” announcements.<\/p>\n

\n
\n
\n

Please use Chrome browser for a more accessible video player<\/p>\n

<\/p>\n


\n 1:29<\/span>
\n <\/span><\/p>\n

\n

Donald Trump says China ‘wants to make a deal’<\/span>
\n <\/figcaption><\/div>\n<\/p><\/div>\n

Hours before the 125% tariff on China was revealed, Beijing said it was increasing tariffs on US goods by 50%<\/a><\/strong>.<\/p>\n

It meant tariffs of 84% would be enforced on US goods – up from the 34% China had previously planned.<\/p>\n

\n
\n
\n \"Donald\n <\/div>
\n Image:<\/span>
\n Mr Trump spoke to reporters in the Oval Office. Pic: Reuters
\n <\/span>
\n <\/figcaption><\/figure>\n<\/div>\n

China ‘want to make a deal’<\/strong><\/p>\n

Asked why he posted “BE COOL” on Truth Social hours before announcing his tariff pause, Mr Trump told reporters at the White House: “I thought that people were jumping a little bit out of line.”<\/p>\n

“They were getting yippy, you know, were getting a little bit yippy, a little bit afraid,” he added.<\/p>\n

Mr Trump continued: “China wants to make a deal, they just don’t know how to go about it.<\/p>\n

“[They’re] quite the proud people, and President Xi is a proud man. I know him very well, and they don’t know quite how to go about it, but they’ll figure it out.<\/p>\n

“They’re in the process of figuring out, but they want to make a deal.”<\/p>\n

Read more:
Why Trump finally blinked<\/a><\/strong>
Is there method to madness amid market chaos?<\/a>
Who’s most likely to see pensions hurt<\/a><\/strong><\/p>\n

White House press secretary Karoline Leavitt said the walk back was part of a grand negotiating strategy by Mr Trump.<\/p>\n

“President Trump created maximum negotiating leverage for himself,” she said, adding that the news media “clearly failed to see what President Trump is doing here”.<\/p>\n

US Treasury Secretary Scott Bessent also insisted Mr Trump had strengthened his hand through his tariffs.<\/p>\n

“President Trump created maximum negotiating leverage for himself,” he said.<\/p>\n

\n
\n
\n Spreaker<\/span>
\n
\n This content is provided by Spreaker<\/span>, which may be using cookies and other technologies.
\n To show you this content, we need your permission to use cookies.
\n You can use the buttons below to amend your preferences to enable Spreaker<\/span> cookies or to allow those cookies just once.
\n You can change your settings at any time via the Privacy Options<\/a>.
\n <\/span>
\n
\n Unfortunately we have been unable to verify if you have consented to Spreaker<\/span> cookies.
\n To view this content you can use the button below to allow Spreaker<\/span> cookies for this session only.
\n <\/span><\/p>\n
\n Enable Cookies<\/a>
\n Allow Cookies Once<\/a>\n <\/div>\n<\/p><\/div>\n<\/section>\n<\/div>\n

\ud83d\udc49 Listen to Sky News Daily on your podcast app \ud83d\udc48<\/a><\/strong><\/p>\n

Mr Bessent said Mr Trump decided to raise tariffs on China because Beijing hadn’t reached out to the US and instead increased its own levies on US goods.<\/p>\n

Downing Street said that the UK will “coolly and calmly” continue its negotiations with the US.<\/p>\n

A Number 10 spokeswoman said: “A trade war is in nobody’s interests. We don’t want any tariffs at all, so for jobs and livelihoods across the UK, we will coolly and calmly continue to negotiate in Britain’s interests.”<\/p>\n<\/p><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Donald Trump has paused his so-called “reciprocal” tariffs on most of America’s trading partners for 90 days – while increasing those on China to 125%. There have been fears of a global recession and stock markets around the world had plummeted after Mr Trump announced his “Liberation Day” tariffs on Wednesday 2 April. However, the […]<\/p>\n","protected":false},"author":2,"featured_media":278299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/e3.365dm.com\/25\/04\/768x432\/sky-news-trump-tariffs_6881242.jpg?20250409203622","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[168,245,3495,6572,7993,21702,18165,52],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/278298"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=278298"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/278298\/revisions"}],"predecessor-version":[{"id":278300,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/278298\/revisions\/278300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/278299"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=278298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=278298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=278298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}