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Trump raises China tariffs to 125% but announces 90-day pause for others (www.cnbc.com)

submitted 6 days ago by Alsephina@lemmy.ml to c/worldnews@lemmy.ml

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Trump in a Truth Social post says he is “immediately” raising U.S. tariffs on Chinese imports to 125% “based on the lack of respect that China has shown to the World’s Markets.”

But Trump in the same post says he has “authorized a 90 day PAUSE” for other countries, pointing to what he says are more than 75 nations who have reached out to negotiate.

That pause, and “a substantially lowered Reciprocal Tariff during this period, of 10%,” are both “effective immediately,” Trump writes.

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[–] LarmyOfLone@lemm.ee 3 points 5 days ago (1 children)

I guess this is a tactic to isolate China and break up a possibly alliance of countries acting in concert to combat these tariffs? Well it's a trade war.

[–] HumanPenguin@feddit.uk 7 points 5 days ago* (last edited 5 days ago) (1 children)

I can def believe he thinks that is what he is doing.

But by putting world tarrifs on hold. He is just giving Europe 90days to worry and discuse China. While giving China more reason to consider deals with Europe.

Add to that China has been building deals with most of the world for over 20 years.

China has less to lose then the big US corp owners that back trump and depend on China for manufacturing and parts etc.

[–] LarmyOfLone@lemm.ee 2 points 5 days ago

Especially since the USA can't do anything to coordinate the response of their industry, having fired their people and only relying on the market to sort it out. While China could systematically and rapidly invest in any industries and goods from the USA that now face retaliation tariffs in China or EU.