President Donald Trump announced on Truth Social on Wednesday that he is immediately raising tariffs on Chinese goods to 125 percent, citing a “lack of respect” from China toward world markets.
“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” the president said. “At some point, hopefully in the near future, China will realize that the days of ripping off the USA, and other Countries, is no longer sustainable or acceptable.”
Trump said that more than 75 countries have engaged in talks with US officials to negotiate on a range of trade issues, including tariffs, trade barriers, and currency manipulation. He noted that because these countries have not retaliated against the US, he has authorized a 90-day pause for them with a “substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”
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