Trump Reverses, Raises Chinese Tariffs

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tariffs

PBS

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World

Trump backs down on most tariffs for 90 days but raising rate on Chinese imports to 125%

Summary

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70% Informative

NEW: President Trump backs down on tariffs on most nations for 90 days , but raises his tax rate on Chinese imports to 125% .

NEW: Details of Trump ’s plans to ease tariffs on non-China trade partners not immediately clear.

The president was publicly defiant as the stock market recovered slightly, then sold off and then bounced back in morning trading.

Bessent said the economy would “be back to firing on all cylinders” at a point in the “not too distant future” He said there has been an “overwhelming” response by “the countries who want to come and sit at the table rather than escalate” China imposed 84% tariffs on goods from the United States .

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Informative language

Neutral language

Article tone

formal

Language

English

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not offensive

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not hateful