President Donald Trump announced a 90 day pause on his sweeping tariffs Wednesday, giving all countries a 10 percent baseline except China, which will see even higher levies.
“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,” Trump wrote on Truth Social.
Saying that more than 75 countries had asked for negotiations over the tariffs, Trump said he “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”
Chief Adviser Muhammad Yunus has thanked United States President Donald Trump in an immediate reaction to the latter’s announcement of a decision to back down from imposing tariffs on most nations for 90 days.
Mentioning the official account of the US president in a post on X, formerly known as Twitter, the CA wrote, “Thank you, Mr. President, (@POTUS) for responding positively to our request for a 90-day pause on tariffs.”
“We will continue to work with your administration in support of your trade agenda,” the post also adds.