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
Drought in Germany hits corn, sugar beet and feed production
Ukraine’s rail exports of vegetable oils rise 56% in August
USDA expects Ukraine’s chicken production and exports to increase
Black Sea port shutdown sends Russian grain prices sharply lower
India’s oilseed planting declines amid rainfall deficit
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon