$BTC Foresight News reports that Trump announced on Truth Social that the United States will raise tariffs on China to 125%, effective immediately. Meanwhile, given that representatives from over 75 countries have contacted the United States to negotiate trade, he has authorized a 90-day suspension of new tariffs, during which corresponding tariffs will be significantly reduced to 10%, effective immediately.
Trump stated: "In response to China's disrespect towards the global market, I now announce that the United States will raise 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 will no longer continue, nor will they be accepted. On the contrary, based on representatives from over 75 countries that have contacted the United States, 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 have not retaliated against the United States in any way or form at my strong suggestion, I have authorized a 90