Trump Announces 90-Day ‘Pause’ On Tariffs, With A Catch

President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except for China, which will see an increased tariff of 125%, in a Wednesday Truth Social post.

The move comes after Trump announced reciprocal tariffs on several nations on April 2, sending shockwaves across international markets. Markets immediately responded by surging following the president’s Wednesday announcement.

“Based on the lack of respect China has shown to the World’s Markets, I am hereby raising the tariff charge to China by the United States of America by 125%, effective immediately,” Trump wrote. The president also said that he will maintain the baseline 10% tariff on countries that went into effect on April 5 for the next 90 days.

“Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump continued.

“Scott Bessent and I sat with the President while he wrote one of the most extraordinary Truth posts of his Presidency,” Commerce Secretary Howard Lutnick said on X following Trump’s announcement. “The world is ready to work with President Trump to fix global trade, and China has chosen the opposite direction.”

Following Trump’s initial “Liberation Day” tariff announcement which launched reciprocal tariffs on roughly 60 countries, markets entered a days-long nosedive before recovering on Wednesday following the president’s Truth Social post.

“For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike. American steel workers, auto workers, farmers and skilled craftsmen. We have a lot of them here with us today. They really suffered gravely. They watched in anguish as foreign leaders have stolen our jobs,” the president said on April 2 as he announced the initial reciprocal tariffs.

Editor’s note: This story has been updated with additional information. 

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