Global Trade Duties on Hold: Trump Announces 90-Day Tariff Pause While Targeting China

President Trump has temporarily halted the implementation of higher reciprocal tariffs on numerous trade partners for 90 days, instead imposing a reduced 10% tariff rate effective immediately.

This decision represents a significant reversal that came approximately 13 hours after higher duties on 56 nations and the European Union had gone into effect—a move that had triggered market instability and raised recession concerns.

The president faced substantial pressure from business leaders and investors to change course. While announcing the pause, Trump also escalated tensions with China by raising tariffs on Chinese imports from 104% to 125%, citing China’s unwillingness to negotiate.

According to Trump, more than 75 countries have reached out to his administration regarding trade barrier negotiations and have refrained from retaliating.