#TariffsPause

Comment on American tariffs: Trump tries to unify the world against China and calm the stock markets

Was it about isolating China or calming the markets? Or both?

Whatever the case, President Donald Trump surprised the world with his sudden decision to escalate the trade war against America's biggest competitor and delay the high tariffs imposed on his allies.

The Chinese president insisted that he would sit at the negotiating table.

In a quick 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 comment on the application of mutual tariffs imposed on trading partners with whom the United States suffers from a trade deficit, including important allies in Asia like Japan and South Korea.

Trump said 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."

Until then, China had been subject to tariffs of 104%. China responded with tariffs of 84%, which corresponds to Trump's announcement of imposing "mutual" tariffs of 34% and an additional 50% as a retaliatory reaction.