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Trump backs down on tariffs for most nations for 90 days, raises China tariffs to 125%

Following days of global market turmoil, Wall Street stocks surged in reaction to Trump's announcement.

TAS News Service

info@thearabianstories.com

Thursday, April 10, 2025

NEW YORK: US President Donald Trump abruptly backed down in his global trade war with a 90 day pause for most countries – but slapped even more levies against China in what has become a full-scale confrontation between the world’s two largest economies.

“I have authorized a 90 day pause” on higher tariffs that took effect on Wednesday, Trump said on his Truth Social network.

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