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Trump announces an increase in tariffs on China to 125%, while suspending new tariffs on over 75 countries

According to Foresight News, Trump announced on Truth Social that the United States would raise tariffs on China to 125%, effective immediately. At the same time, given that over 75 countries have contacted U.S. representatives for trade negotiations, he has authorized a 90-day suspension of new tariffs, significantly reducing reciprocal tariffs to 10% during this period, effective immediately. Trump stated: "In light of China's disrespect for the global market, I am now announcing an increase in U.S. tariffs on China to 125%, effective immediately. I hope that in the near future, China will realize that the days of exploiting the United States and other countries are over and will not be accepted. Conversely, based on the fact that over 75 countries have contacted U.S. representatives, including the Department of Commerce, the Department of the Treasury, and the U.S. Trade Representative's Office, to discuss issues related to trade, trade barriers, tariffs, currency manipulation, and non-tariff barriers, and these countries have not retaliated against the U.S. in any way or form at my strong suggestion, I have authorized a 90-day suspension and significantly reduced reciprocal tariffs to 10%, effective immediately."