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
Ukrainian corn exports exceed 1.9 mln tons
Soy supply disruptions hit the EU amid EUDR uncertainty
Egypt establishes silo project to expand wheat storage capacity
October rains improve winter crop conditions even in Ukraine’s driest regions
Spread between sunflower and palm oil reaches $270 per tonne
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon