Washington D.C. - President Donald Trump has authorized a 90-day pause on the higher tariffs he announced last week, applying to most countries. The decision, made public Wednesday, provides a temporary reprieve from the potential economic impact of the proposed tariffs. Despite the pause, a 10% universal tariff will remain in effect.
Notably, China is excluded from this 90-day suspension. This means that existing tariffs and trade negotiations with China will continue without interruption. The move suggests a continued focus on addressing trade imbalances with China.
The White House has not yet released specific details on the criteria used to determine which countries qualify for the tariff pause. Further information is expected to be released in the coming days. Experts suggest the pause may be aimed at easing concerns among U.S. allies and providing time for further trade negotiations.
Trump Pauses New Tariffs for 90 Days, Except China
President Trump announced a temporary pause on new tariffs for most countries for 90 days. This decision comes after announcing higher tariffs last week. However, the 10% universal tariff remains in place. China is excluded from this temporary suspension, continuing existing trade tensions.
Source: Read the original article at ABC