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Trump Pauses Most Tariffs for 90 Days, Escalates Measures Against China

The U.S. president halts tariff hikes for most nations while raising tariffs on Chinese imports to 125%, intensifying the trade standoff with Beijing.

President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., April 2, 2025.
Traders on the floor at the Cboe Global Markets in Chicago
US President Donald Trump's reciprocal tariff announcement last week triggered this trade war with China.
US President Donald Trump's tariff measures have faced retaliation.

Overview

  • President Donald Trump announced a 90-day pause on tariff increases for most countries, reducing the baseline tariff to 10%, while raising tariffs on Chinese imports to 125% effective immediately.
  • China retaliated by increasing tariffs on U.S. goods to 84% and adding American companies to its export control and unreliable entities lists.
  • Global stock markets surged, with the Dow Jones rising over 2,600 points and the S&P 500 climbing 7%, following the announcement of the tariff pause.
  • Business leaders, including JPMorgan CEO Jamie Dimon, warned of potential recession risks as market volatility and economic uncertainty persist.
  • Over 75 countries have reached out to the U.S. to negotiate trade agreements, signaling a potential shift in global economic alliances.