President Trump:
Based on the disrespect that China has shown towards global markets, I am announcing that the tariff imposed on China by the United States will increase to 125%, effective immediately. I hope that in the near future, China will recognize that the era of deceiving the United States and other countries is unsustainable and unacceptable.
Conversely, over 75 countries have contacted representatives of the United States — including the Department of Commerce, the Department of the Treasury, and the Office of the United States Trade Representative (USTR) — to negotiate on issues related to trade, trade barriers, tariffs, currency manipulation, and non-tariff taxes. These countries, at my strong suggestion, have raised no objections to the United States. For that reason, I have decided to suspend sanctions for 90 days, along with significantly reducing the retaliatory tariff to 10%, also effective immediately.
Thank you for your attention to this matter!
PS: Everyone can contribute a basic tariff of 10%, the remainder will be suspended… except for China.