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Home Featured Trump announces 90-day pause on ‘reciprocal’ tariffs with exception of China

Trump announces 90-day pause on ‘reciprocal’ tariffs with exception of China

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Trump announces 90-day pause on ‘reciprocal’ tariffs with exception of China
Shipping containers are seen at the Port Jersey Container Terminal, with the Manhattan skyline in the distance, in Jersey City, New Jersey on April 8, 2025. China vowed Tuesday to "fight to the end" after US President Donald Trump threatened to further ramp up tariffs but the EU warned against escalating a trade war that has rocked global markets. Trump has upended the world economy with sweeping tariffs that have raised the spectre of an international recession, but has ruled out any pause in his aggressive trade policy despite a dramatic market sell-off. (Photo: Charly Triballeau/AFP/Getty Images via CNN Newsource)

By Elisabeth Buchwald, CNN

(CNN) — President Donald Trump announced a complete pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China.

Tariffs on China will be increased to 125% from 104%, he said.

Trump in a Truth Social post Wednesday said he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

“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 said in his social media post. “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,” he wrote.

Stocks surged higher on the news.

This is a developing story and will be updated.

The-CNN-Wire
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