The announcement on Wednesday by the US president of a 90-day break on reciprocal tariffs, limited for the moment to 10% for all his trading partners except China, offers a small respite for the economy. But the surge in tariffs between the United States and China is a threat to the global balance.
Donald Trump‘s trade policy is certainly dizzying…
On Wednesday, April 9, the very day his reciprocal tariffs were due to kick in, the US President announced that he was lowering them to 10% for a three-month truce for the whole world…except for the Chinese.
To announce this crucial news for the global economy, Donald Trump chose his Truth Social network.
“Disfavor” treatment for Beijing
He thus declared that “due to China’s lack of respect for world markets”, he was raising tariffs on products from that country to 125%, and that ” at the same time, due to the willingness of more than 75 countries to negotiate, he authorized a pause of 90 days and substantially reduced reciprocal duties during this period, of 10%, also effective immediately“ for all countries other than the Middle Kingdom.
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