President Donald Trump announced a 90-day stand on the definitions of more than 10 %, as it provided a temporary postponement of most American trade partners-with a remarkable one: China.
In a publication on the social truth, the president stressed that the stopping will affect this immediately, with a 125 % punitive tariff for Chinese imports, noting “lack of respect” for global markets and Beijing's decision to launch a retaliatory tariff for American goods.
It seems that the UK, which is already undergoing a 10 % tariff since the day of liberation day was liberated last week, is not affected by recent sisters.
US Treasury Secretary Scott Payet insisted that a 90 -day window is not a decline, but rather a strategic step to encourage negotiations. He said in a briefing at the White House: “We expect countries to come to us with their best deal.” “Do not decrease, and your reward will be done.”
BESSENT added that countries that maintain open dialogue and refrain from counter -measures can provide a more suitable treatment under the developed Trump system. He pointed out that Mexico and Canada remains within the tariff segment by 10 % and stressed that the stopping stops an opportunity to solve the broader commercial problems, including currency manipulation and non -cash barriers.
“Based on the fact that more than 75 countries called on representatives of the United States to negotiate … and that these countries were, based on my strong proposal, I took revenge in any way … I allowed the stopping of 90 days, and has reduced a significantly mutual tariff during this period, from 10 percent, also effective immediately.”
The announcement sparked an immediate reaction in the financial markets. Dow Jones industrial average increased by 1,800 points, while the S&P 500 index rose more than 300 points in just 20 minutes.
While the customs tariff was welcomed by the markets, the rate of 125 % on Chinese goods emphasizes the increasingly tone of confrontation in relations between the United States and China. Analysts say that the targeted step risks the abolition of world trade tensions at a time when markets and companies are already on the brink of the abyss.
For UK Exporters, news brings some comfort. With the foundation line remaining 10 % in place, no additional duties – at least at the present time. However, the three -month time frame leaves the door open for more developments depending on the results of the negotiations.
The White House has not confirmed any sectors whose priorities will be determined during this negotiating window, but a new round of commercial conversations is expected to start within days.
With the global economy closely monitoring, business leaders and policy makers are now evaluating the effects of a tariff that still volatile – but perhaps, at the present time, less severe.
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