China slapped with triple-digit levy.
The chief tenets of The Art of the Deal are to aim high, maximize leverage, stay resilient, keep people guessing, and deliver the goods. President Donald Trump, one week after America declared its “economic independence,” made good use of these tactics by handing out a 90-day reprieve on extra tariffs for countries that declined to retaliate. Everyone, from Wall Street to Democrats, quickly opened the book and celebrated the latest pause on reciprocal tariffs.
Reciprocal Tariffs Paused for 90 Days
In a Truth Social post, President Trump announced he would drop new reciprocal tariffs on imports from most US trade partners to 10% for 90 days to facilitate trade negotiations with those countries. He also confirmed he was increasing tariffs on Chinese goods to 125% “effective immediately”…
