Trump Issues a Tariff Pause, Smacks China Again

Katie Pavlich / Townhall Tipsheet

 

President Donald Trump issued a 90-day pause on tariffs for countries coming to the negotiation table with the United States Wednesday afternoon, sending the stock market soaring.

 

"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 subiects 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, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," Trump posted on Truth Social. 

 

In addition, Trump increased tariffs on China as the Chinese Communist Party plays a game of chicken with their economy and trade negotiations with the United States. Read more, see Xs and videos here.