Trump Pauses Some Tariffs After Xi Warns of US Isolation
Former President Trump has authorized a temporary pause on some of the higher tariffs he announced last week. The pause, lasting 90 days, applies to most countries. However, a 10% universal tariff remains in effect. Chinese President Xi Jinping cautioned that tariffs could isolate the United States, emphasizing the importance of ties with the European Union.
Former President Donald Trump initiated a 90-day pause on the increased tariffs he announced the previous week, impacting the majority of countries. While some relief is offered, a 10% universal tariff will remain in place. The decision follows warnings from Chinese President Xi Jinping, who stated that tariffs risk isolating the United States on the global stage. Xi Jinping emphasized the importance of strong relationships with the European Union as a counterbalance. The long-term economic impact of these tariffs and the ongoing trade negotiations remain uncertain. Experts are closely monitoring the situation for further developments and potential consequences for international trade.
Source: Read the original article at ABC