Trump tariffs: 'Do not retaliate and you will be rewarded,' White House says
www.cnbc.com
President Donald Trump's tariffs on nearly all U.S. trade partners will drop to 10% for 90 days, but tariffs on China will jump to 125%.

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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  • Nay@feddit.nlEnglish
    26·
    10 days ago

    This is exactly how my meth head sister raised my nephew.

    Freak out and punish him, assign him chores to “get out of it,” and then let him off the hook when she wanted to fight with her husband. But always kept the threat of punishment looming.

    Cool.

  • ProfHillbilly@lemmy.worldEnglish
    13·
    10 days ago

    And now the stock market is through the roof. What is he going to do next to crash a bunch of shit so the rich can buy it all up?

    • Buffalox@lemmy.worldEnglish
      7·
      10 days ago

      That’s 100% the thing that would make the most sense. That he and his friends exploited this to make their fortunes even bigger.

  • Lit@lemmy.worldEnglish
    2·
    10 days ago

    So Woke Trump gave up on his woke tariffs, to focus on china. Couldn’t handle fighting so many fronts.