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Trump pauses higher duties on most nations, hikes China rate

More than 75 countries contact US to negotiate, Trump said

Bloomberg NewsbyBloomberg News
April 9, 2025
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President Donald Trump said he would pause higher reciprocal tariffs for ninety days on dozens of trade partners, while raising duties on China to 125%. The president’s about-face comes roughly thirteen hours after higher reciprocal duties on fifty-six nations and the European Union went into effect, a move that fueled market turmoil and stoked recession […]

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Tags: BloombergChinaDonald TrumpPremiumtariffstrade war
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