Trump backs away from biggest tariffs, but hits China with 125pc rate
www.abc.net.au
Almost all countries will now be subject to a 10 per cent tariff, rather than the larger "liberation day" rates announced last week. But China will be hit with an extraordinary tariff of 125 per cent.

US President Donald Trump has announced a 90-day pause on “reciprocal” tariffs that had just been placed on imports from dozens of countries.

Those countries will now by subject to the 10 per cent baseline tariff, rather than the additional tariffs announced by the president last week.

In the same social media post, Mr Trump said he was again increasing the tariff on Chinese goods to 125 per cent.

  • TassieTosser@aussie.zone
    4·
    6 days ago

    He literally announced “time to buy” on his stupid social media platform 4 hours before the pause announcement went out. Blatant market manipulation.

    • DiaDeLosMuertos@aussie.zoneEnglish
      3·
      6 days ago

      Good God. Hey aren’t there some kind of laws against that kind of…oh yeah it’s Agent Orange. Forget that then.