Trump raised tariffs on China to 125%, but lowered tariffs for all countries to 10% for 3 months
US President Donald Trump has increased tariffs on China to 125%. Trump wrote about this on his social network.
The US leader added that the changes take effect “immediately”.
In addition, Trump reduced tariffs for all other countries to 10% for 90 days.
“Based on the fact that over 75 countries have summoned representatives of the United States … for negotiations to resolve issues related to trade, trade barriers, tariffs, currency manipulation and non-monetary tariffs, and that these countries … have not taken retaliatory measures, I have authorized a 90-day pause and a significantly reduced reciprocal tariff during this period of 10%, which also takes effect immediately,” the US president wrote.
Read also
Ukraine harvest update: Corn 89% complete, sunflower seeds 93%
Saudi Arabia strengthens its position in global grain markets
Kazakhstan may limit potato exports due to crop failure in Russia
Port investments by China in Latin America are reshaping the soybean market
EU introduces “carbon border tax”
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon