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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 will increase its 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, during which corresponding tariffs will be significantly reduced to 10%, effective immediately. Trump stated: "Due to China's disrespect for the global market, I now announce that the U.S. tariffs on China will be raised 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 will no longer continue and will not be accepted. On the contrary, 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 Office of the United States Trade Representative, to discuss issues related to trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs, and these countries, at my strong suggestion, have not retaliated against the United States in any way or form, I have authorized a 90-day suspension and during this period, the corresponding tariffs will be significantly reduced to 10%, effective immediately.