Trump Delays New Tariffs for 90 Days, Except for China

President Donald Trump has announced a 90-day halt on the implementation of all new “reciprocal” tariffs that were set to begin at midnight. However, this delay does not apply to China, where tariffs will be raised to 125%. According to the US Treasury Secretary, Trump’s decision to suspend the tariffs serves as a gesture of goodwill towards countries that opted not to retaliate amid escalating trade tensions. This pause is intended to provide a window for negotiating new trade deals.