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Trump raises China tariffs to 125% but announces 90-day pause for others (www.cnbc.com)

submitted 1 week ago by Alsephina@lemmy.ml to c/worldnews@lemmy.ml

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Trump in a Truth Social post says he is “immediately” raising U.S. tariffs on Chinese imports to 125% “based on the lack of respect that China has shown to the World’s Markets.”

But Trump in the same post says he has “authorized a 90 day PAUSE” for other countries, pointing to what he says are more than 75 nations who have reached out to negotiate.

That pause, and “a substantially lowered Reciprocal Tariff during this period, of 10%,” are both “effective immediately,” Trump writes.

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[-] Alsephina@lemmy.ml 65 points 1 week ago

He folded pretty quick lmfao

Wonder how long it'll take for him to fold on China

[-] OhVenus_Baby@lemmy.ml 6 points 1 week ago* (last edited 1 week ago)

How is this folding?

He said he was willing to renegotiate in the beginning due to unfair trade agreements.

I'm not a supporter. I'm just being objective here. How does this conclude to folding by taking the time to renegotiate to a better deal supposedly for his country which was the beginning goal again supposedly for his entire plan.

I see no evidence of him folding yet. To reiterate. Being objective to politics.