RawDiary

Trump Reverses Global Tariffs - 90-Day Pause Except China

In a dramatic pivot that rocked global markets, President Donald Trump announced a 90‐day pause on most reciprocal tariffs while maintaining a crushing 125% tariff on Chinese imports. The move has spurred a massive rally on Wall Street, ignited fierce debates in Congress, and sent shockwaves through international trade corridors. Diplomatic tensions are rising as key allies and adversaries recalibrate their strategies amid uncertainty, marking a pivotal moment in the unraveling of America’s global trade policy.

24 Hours President Trump shocked global markets by announcing a 90‐day pause on most reciprocal tariffs while keeping China's tariff at 125%. This strategic reversal sparked a historic rally on Wall Street, triggered intense debates in Congress over judicial overreach and regulatory cuts, and shifted diplomatic dynamics with Europe and other trade partners. Meanwhile, federal probes into security clearances and data-sharing practices have intensified, and international moves in military, technology and energy sectors underscore the far‐reaching impact of Trump’s unpredictable trade policies on the global economic landscape.

Number 125% - Tariff rate on Chinese imports remains fixed at 125%

Quote "Time To Squeeze Chinese Heads Into Wall" — Kevin O'Leary