Washington D.C. The U.S. government announced today a pause on previously scheduled tariff increases for the majority of its trading partners. This decision comes amid ongoing negotiations aimed at securing more favorable trade deals. According to a statement released by the White House, President Trump has authorized a 'lowered reciprocal tariff of 10%' for these countries, signaling a willingness to compromise and foster positive trade relations.
However, the tariff relief does not extend to China. The U.S. maintains its existing tariff regime on Chinese goods, indicating a continued focus on addressing trade imbalances and intellectual property concerns. Negotiations with China are reportedly ongoing, but progress remains slow, prompting the U.S. to maintain economic pressure.
Experts suggest that this two-pronged approach easing tariffs for some while maintaining pressure on others is a calculated strategy to maximize leverage in international trade negotiations. The move aims to incentivize cooperation from countries willing to negotiate while sending a clear message to China about the importance of addressing U.S. concerns.
US Suspends Tariff Hikes for Most Nations, Intensifies Pressure on China
The United States has temporarily halted planned tariff increases for most countries as trade talks progress. President Trump authorized a lowered reciprocal tariff of 10% for these nations. However, China faces continued tariff pressure as negotiations remain ongoing. This decision reflects the US strategy of using tariffs as leverage in international trade agreements.
Source: Read the original article at BBC