90 Day Pause on Country Specific Tariffs, China Increases

President Trump has announced an immediate 90 day pause on the country specific tariffs, and in place, levied a 10% blanket tariff for the countries originally listed. This excludes China, which sees and increase to 125% (145% total when adding the existing 20% fentanyl tariff)

His announcement on Truth Social:

"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non-Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"

We will continue to monitor this fast-changing situation closely and will provide updates as soon as available.