#TrumpTariffs President Donald Trump has announced a temporary suspension of tariffs for 90 days against 75 trading partners that have not retaliated against his administration's tariff policies. However, there are still some important points to note about Trump's new tariff policy:
- *Tariffs on countries*: The U.S. will impose a 10% import tax on all countries, except for China which will face higher tariffs.
- *Extension of tariff suspension period*: The Trump administration is considering extending the 90-day tariff suspension for America's top trading partners, provided these countries show "goodwill" in negotiations.
- *Trade agreement*: The U.S. has announced a framework agreement on trade with the UK and China, but full details have yet to be disclosed.