Trump pauses plan to hike tariffs for most countries, but not for China

US President Donald Trump backtracked on Wednesday, announcing a 90-day pause on tariffs, with the exception of China, which will see rates increased to at least 125%. The US stock market soared on the news. Trump told reporters that he pulled back on many tariffs because people were getting “yippy” and “afraid.”

Apr 10, 2025 - 01:00
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Trump pauses plan to hike tariffs for most countries, but not for China
US President Donald Trump backtracked on Wednesday, announcing a 90-day pause on tariffs, with the exception of China, which will see rates increased to at least 125%. The US stock market soared on the news. Trump told reporters that he pulled back on many tariffs because people were getting “yippy” and “afraid.”

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