Trump enacts 90-day pause for most tariffs, but raises China’s to 125%

Today was the first day that huge tariffs went into effect for most US imports, but it seems the impact will be short-lived—at least for many. President Trump has just enacted a 90-day pause on the most severe of the tariffs, with China a major exception. As a result, risk to Apple may be lessened, but they certainly aren’t in the clear. Tariffs for China increase, but most nations get relief in pause Trump just posted the following on Truth Social: Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a s ... Read full article.