Trump pauses 90 days on tariffs implementation for countries but hit harder on China

[Augusta]

U.S. President Donald Trump unexpectedly softened his global trade stance on Wednesday by announcing a 90-day pause on most tariffs—while simultaneously escalating economic pressure on China, deepening the trade standoff between the world’s two largest economies.
Following days of market turbulence, Wall Street surged in response to the announcement. Stocks rebounded sharply, with the S&P 500 climbing 6.0% to 5,281.44, ending a week-long losing streak.

“I have authorized a 90-day PAUSE on higher tariffs that took effect on Wednesday,” Trump wrote on his Truth Social platform. He explained that more than 75 countries had reached out to negotiate and chose not to retaliate, prompting his decision.

 

[Trush Jodie]

I don't know who between China and United States needs a trade relationship with each other the most. But this would affect many top brands.

 

[Augusta]

Yes it would actually affects buyers from china. They would be transfer of the tariff burden somehow

 

[magnus2022]

China sold more goods to United States than all goods sold to African countries combined. United States is China best and most profitable business partner. Annually, the volume of trade from China to United States crosses over 522.1 billion dollars .

 

[mrki444]

China hits back. They will block export materials like silicium, cobalt and similar for electronic devices. Also they will block export all devices which contains it to US. How will US survive without new Iphone or Ipad?

 

[Augusta]

Yes China is hitting back. Trump just have to revisit the policies. This will help to reduce any trade war with other nations

 

[eLdavis]

I can imagine the amount of losses most traders in the forex market had suffered this few days. I hope china and the united States finally come to an agreement though.

 

[Augusta]

Trump has stated that they would come to w compromise soon. Hopefully it happens to douse tension