Stock market goes STRATOSPHERIC as Trump makes shock tariff U-turn… but China still faces onslaught
President Donald Trump on Wednesday said he will delay tariffs for 90 days for countries that did not launch a reciprocal tariff against the US.
He also increased tariffs on Chinese imports to 125 percent, citing China’s ‘lack of respect for global markets.
Trump attributed his decision to pause the tariffs to the fact that ‘more than 75 countries’ have reached out to the White House to negotiate solutions to the trade issues he raised with the new duties.
BREAKING: President Trump issues a 90-day pause on tariffs "and a substantially lowered Reciprocal Tariff during this period of 10%," except for China.
The president has raised tariffs on China to 125%, effective immediately. pic.twitter.com/XNBKA6uH7S
— Collin Rugg (@CollinRugg) April 9, 2025
