April 9, 2025, 1:21 pm
The U.S. administration has taken decisive action to recalibrate its trade policy by pausing most tariffs for a period of 90 days while simultaneously raising the tax rate on Chinese imports to 125%. This move is part of an effort to narrow the broader trade war and ease global market instability, even as it maintains significant economic pressure on China. Analysts note that this temporary pause will allow for policy reassessment and may have far-reaching implications for international trade dynamics.
It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S. and most of the world to one with China
Amid a global market meltdown, President Trump paused most tariffs for 90 days while raising Chinese import taxes to 125%, as explained by Treasury Secretary Scott Bessent.
2 stories from 2 sources in 9 days ago ... #politics #economy #trade #us-relations #global-trade #foreignpolicy #tariffs #finance
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