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#TariffsPause US Tariff Suspension: Trump Tries to Unite the World Against China and Calm Stock Markets
Was it about isolating China or calming the markets? Or both?
Whatever the case, President Donald Trump surprised the world with his unexpected decision to escalate the trade war against America's largest competitor and delay the high tariffs imposed on its allies.
The Chinese president insisted that he would sit down at the negotiating table.
In a swift response to China's decision to match the tariffs imposed by the United States, Trump announced on April 9 that the rate of Chinese tariffs had risen to 125%.
At the same time, he issued a 90-day suspension on the reciprocal tariffs imposed on trade partners with whom the United States has a trade deficit, including key allies in Asia like Japan and South Korea.
Trump stated in a post on "Truth Social": "Due to China's disrespect for global markets, I hereby raise the tariff imposed by the United States of America on China to 125%, effective immediately.