#TariffPause #EthereumFuture # President Donald Trump announced a temporary halt to reciprocal tariffs for 90 days for most countries, excluding China. Here are the details of this decision:
- The rationale: This decision came after more than 75 countries contacted U.S. representatives to negotiate a solution, and these countries did not take any retaliatory actions against the United States.
Details of the temporary halt
- Duration*: 90 days
- Affected countries*: Most countries, excluding China
- Tariff*: The basic tariff of 10% will remain in effect for all countries, including India
Impact of the decision on some countries
- India: Reciprocal tariffs will cease at 26%, but the basic tariff of 10% will remain in effect
- China: Reciprocal tariffs will not cease, and the tariff will increase to 125%
- European Union: Reciprocal tariffs will cease at 20%, and the basic tariff of 10% will remain in effect
