#TrumpTariffs

- U.S. President Donald Trump has announced a significant increase in tariffs on Chinese goods, raising the rate to 125% with immediate effect. The announcement was made via a post on Truth Social, a social media platform. The President cited China’s lack of respect for global markets as the primary reason for this decision.

In the same post, President Trump also mentioned the possibility of China realizing in the near future that its current trade practices with the U.S. and other nations are neither sustainable nor acceptable.

In addition to the tariff increase, the President also addressed the ongoing discussions regarding trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs. He noted that more than 75 countries have contacted U.S. representatives, including those from the Departments of Commerce, Treasury, and the U.S. Trade Representative (USTR), to negotiate a solution to these issues.

In response to these discussions, and at his strong suggestion, these countries have not retaliated against the United States in any way. As a result, President Trump has authorized a 90-day pause and a substantial reduction in the reciprocal tariff to 10%, also effective immediately