President Donald Trump on Wednesday announced a 90-day pause on the full effect of his new tariffs for at least some countries.
Trump also said that he was raising the tariffs imposed on imports from China to 125% “effective immediately” due to the “lack of respect that China has shown to the World’s Markets.”
Trump credited his decision to pause the full effect of tariffs on the fact that “more than 75 Countries” have contacted U.S. officials “to negotiate solution” to trade concerns that he raised in imposing the new duties.
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