President Trump Pauses Tariffs, Places 125% Tariffs on China
President Donald Trump announced on Wednesday via Truth Social a 90-day pause on tariffs for countries that have reached out to address trade deficits, and a 125% tariff on China. The pause comes a week after “Liberation Day,” the day in which the tariffs were first introduced. Since the introduction of the tariffs, the global economy has seen major shifts in preparations for the repercussions of said tariffs, with many stocks experiencing historic losses. Countries affected by the tariffs...
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