President Donald Trump has announced he is pausing his tariffs scheme for 90 days on all trading partners who have not retaliated against the U.S. Trump stated that over 75 countries have reached out to negotiate solutions regarding trade barriers, tariffs, currency manipulation, and non-monetary tariffs without retaliating against the U.S., leading him to authorize a 90-day pause and lower reciprocal tariff of 10%. However, he also announced that tariffs against China would increase to a total of 125% immediately due to what he described as China’s lack of respect for world markets. Trump expressed hope that China would realize that engaging in unfair trade practices is no longer sustainable or acceptable. The situation is still developing, and updates are expected. Rob Wile, a Pulitzer Prize-winning journalist, is covering this story for NBCNews.com. Please stay tuned for further updates on this issue.
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