Trump puts new tarrifs on China, 125%
President Donald Trump has announced a major tariff hike on Chinese imports, raising rates to 125% in response to what he calls unfair trade practices.
Donald Trump announced a sharp increase in tariffs on Chinese imports, raising the rate to 125% with immediate effect. He said this decision was made due to what he described as China’s ongoing disrespect toward global markets and its continued unfair treatment of the United States and other countries. According to Trump, China has taken advantage of international trade systems for too long, and this move is intended to pressure Beijing into changing its behavior. He expressed hope that China will soon understand that exploiting the U.S. and others is no longer acceptable or sustainable.
Trump also mentioned that over 75 countries have reached out to U.S. officials to discuss key trade concerns. These talks involve issues like trade barriers, tariffs, currency manipulation, and non-monetary restrictions. The discussions have included representatives from the Departments of Commerce, Treasury, and the U.S. Trade Representative’s office. Trump emphasized that, thanks to his strong recommendation, these countries have not retaliated against the United States in any way.
As a result of this cooperative stance, Trump has approved a 90-day pause on further trade actions and authorized a temporary reduction in reciprocal tariffs to 10%, also effective immediately. He concluded by thanking the public for their attention to what he sees as a major step in rebalancing global trade.
Author
Jacob Lazurek
Coinpaprika
In the dynamic world of technology and cryptocurrencies, my career trajectory has been deeply rooted in continuous exploration and effective communication.
