Trump announces 90-day pause on 'reciprocal' tariffs with exception of China
a year ago
- #China
- #Tariffs
- #Trump
- President Donald Trump announced a pause on reciprocal tariffs, except for China.
- Tariffs on China increased to 125% from 104%.
- A 90-day pause with a 10% reciprocal tariff was authorized for other countries.
- Stocks surged on the news: Dow up 5.9%, S&P 500 up 6.5%, Nasdaq up over 8%.
- The 10% universal tariff on most trading partners (excluding Canada and Mexico) remains in effect.