• Latest
  • Trending
  • All
Trump Announces 90-Day Tariff Pause for All Nations Except China Amid Market Jitters

Trump Announces 90-Day Tariff Pause for All Nations Except China Amid Market Jitters

April 10, 2025
Mumbai private bus operators announce strike from July 1, school bus services also to be affected

Mumbai private bus operators announce strike from July 1, school bus services also to be affected

June 25, 2025
Yashasvi Jaiswal Criticized for Dancing Before English Crowd After Dropping 4 Catches: 'If Rohit Sharma Were Captain

Yashasvi Jaiswal Criticized for Dancing Before English Crowd After Dropping 4 Catches: ‘If Rohit Sharma Were Captain

June 25, 2025
India Rejoices as Falcon 9 Returns After ISS Mission with Shubhanshu Shukla Onboard

India Rejoices as Falcon 9 Returns After ISS Mission with Shubhanshu Shukla Onboard

June 25, 2025
PM Modi: No Indian Will Forget How Emergency Violated the Constitution's Spirit 2025

PM Modi: No Indian Will Forget How Emergency Violated the Constitution’s Spirit 2025

June 25, 2025
Mumbai Elites Need 109 Years to Afford a Home, Gurgaon Residents 64: Report

Mumbai Elites Need 109 Years to Afford a Home, Gurgaon Residents 64: Report

June 25, 2025
Gautam Gambhir Rejects Sunil Gavaskar’s Urgent Plea, Stands Firm on Jasprit Bumrah Criticism – “Before He Came on This Tour…” | 3 Key Reasons Why

Gautam Gambhir Rejects Sunil Gavaskar’s Urgent Plea, Stands Firm on Jasprit Bumrah Criticism – “Before He Came on This Tour…” | 3 Key Reasons Why

June 25, 2025
SpaceX’s Axiom-4 Set for Takeoff: 90% Weather Favorability Sparks Optimism for Private Space Mission

SpaceX’s Axiom-4 Set for Takeoff: 90% Weather Favorability Sparks Optimism for Private Space Mission

June 25, 2025
White House: Trump Open to Iran Diplomacy, But Questions Why Iranians Shouldn't Overthrow Regime 2025

White House: Trump Open to Iran Diplomacy, But Questions Why Iranians Shouldn’t Overthrow Regime 2025

June 24, 2025
U.S. Warns: Iran Missing 400kg of Uranium, Enough for 10 Nuclear Bombs

U.S. Warns: Iran Missing 400kg of Uranium, Enough for 10 Nuclear Bombs

June 24, 2025
Notice Issued Against Justice Shekhar Kumar Yadav as 50 MPs Confirm Signatures

Notice Issued Against Justice Shekhar Kumar Yadav as 50 MPs Confirm Signatures

June 24, 2025
IndiGo, Qatar Airways Release New Travel Guidelines as Flights Resume Post Iran-Israel Strain 2025

IndiGo, Qatar Airways Release New Travel Guidelines as Flights Resume Post Iran-Israel Strain 2025

June 24, 2025
28 Flights To Delhi Cancelled Amid Israel-Iran Tensions

28 Flights To Delhi Cancelled Amid Israel-Iran Tensions

June 24, 2025
  • Astrology News
  • Business News
  • Cricket News
  • Education News
  • Entertainment News
  • Fashion News
  • India News
  • Lifestyle News
  • Science News
  • Sports News
  • Startup News
  • Technology News
  • Trending News
  • World News
Wednesday, June 25, 2025
  • Login
  • Register
LocalTak
  • Home
  • My account
  • Categories
    • Astrology News
    • Business News
    • Cricket News
    • Education News
    • Entertainment News
    • Fashion News
    • India News
    • Lifestyle News
    • Science News
    • Sports News
    • Startup News
    • Technology News
    • World News
  • Advertise
  • Liberty Wire
No Result
View All Result
LocalTak
No Result
View All Result
Home Political News

Trump Announces 90-Day Tariff Pause for All Nations Except China Amid Market Jitters

by Kritya Shah
April 10, 2025
in Political News, World News
241 12
0
Trump Announces 90-Day Tariff Pause for All Nations Except China Amid Market Jitters
493
SHARES
1.4k
VIEWS

In a surprising move on Wednesday, U.S. President Donald Trump announced a 90-day suspension of his sweeping reciprocal tariffs on all countries—except China. The announcement marked a dramatic shift from his hardline trade stance just a day earlier and came amid growing concern about the global economic impact of his tariff policies.

According to Trump, the temporary pause was granted after more than 75 countries engaged in negotiations with the U.S. and chose not to retaliate against the tariffs. During the 90-day period, a significantly reduced tariff of just 10% will be applied across the board.

However, China was notably excluded from the tariff break. Trump declared an immediate hike in tariffs on Chinese goods, raising them from 104% to a staggering 125%. In a post on his social media platform, Truth Social, Trump justified the move by citing what he called China’s “lack of respect” for global markets.

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” he wrote. “At some point, hopefully in the near future, China will realize that the days of ripping off the US and other countries is no longer sustainable or acceptable.”

He added that China appeared eager to negotiate, but lacked direction. “President Xi Jinping is a proud man. They don’t know quite how to go about it, but they’ll figure it out.”

Trump’s dramatic pivot came after mounting pressure from Republican lawmakers, business leaders, and global markets. Many warned that the escalating tariffs risked igniting a trade war and triggering a global recession. Despite their urging, Trump had repeatedly insisted that his policies would not change.

What ultimately tipped the scales, however, was rising alarm within the U.S. Treasury Department. According to a CNN report, Treasury Secretary Scott Bessent and senior White House economic officials briefed Trump on a worrying selloff in the bond market, prompting him to reconsider.

At a press conference following the announcement, Trump acknowledged the market anxiety, describing his decision as a spontaneous one. “The bond market is very tricky, I was watching it,” he said. “We didn’t have access to lawyers. We just wrote it up from the heart. And I think it was well written, too.”

He added, “I thought people were jumping a little bit out of line… They were getting a little bit afraid. You have to be flexible.”

Markets responded swiftly and positively to the news. Wall Street saw one of its strongest sessions in years, with the Dow Jones Industrial Average surging nearly 2,500 points—an almost 8% gain. The Nasdaq soared by 12.2%, its best performance in 24 years, while the S&P 500 rose 6% to 5,281.44. Oil prices climbed over 4%, and the U.S. dollar strengthened.

India, which had been hit by a 26% tariff on its exports to the U.S., also stands to benefit from the 90-day pause. The temporary relief provides breathing room for New Delhi as it continues trade negotiations with Washington.

India’s Ministry of External Affairs spokesperson Randhir Jaiswal confirmed that bilateral discussions are underway to resolve trade tensions. “India and the United States are very strong partners when it comes to trade, investment, and economic relations. We hope these relations will continue to deepen,” he said.

Jaiswal added that negotiations are progressing toward a mutually beneficial, multi-sectoral trade agreement. “We are in negotiations for a bilateral trade agreement, and hopefully we will be able to conclude it expeditiously.”

Also Read: Siliguri Hotel Faces Backlash After Denying Unmarried Inter-State Couple Check-In Despite Valid IDs 2025

Tags: breakingnewsTariffPauseTradeWarTrumpNewsTrumpTariffsUSChinaTrade
SendTweet123Share
Kritya Shah<span class="bp-verified-badge"></span>

Kritya Shah

I have a passion for uncovering the truth and delivering accurate, engaging content. My work spans local events, in-depth news.

  • Trending
  • Comments
  • Latest
budget

Budget 2025: No Income Tax for Earnings Up to ₹12 Lakh

February 8, 2025
Ranveer Allahbadia: Mumbai Police visit YouTuber Ranveer Allahbadia's home over remarks on ‘India’s Got Latent 2025

Ranveer Allahbadia: Mumbai Police visit YouTuber Ranveer Allahbadia’s home over remarks on ‘India’s Got Latent 2025

February 11, 2025
Drones Hidden In Trucks": How Ukraine Struck 5 Airfields Deep Inside Russia

Drones Hidden In Trucks”: How Ukraine Struck 5 Airfields Deep Inside Russia

June 2, 2025
Cricket-Playing Babas at Mahakumbh Mela 2025 Go Viral in New Video

Cricket-Playing Babas at Mahakumbh Mela 2025 Go Viral in New Video

2
Thandel Box Office Day 1 Collection: Naga Chaitanya and Sai Pallavi's Romantic Thriller Starts Strong

Thandel Box Office Day 1 Collection: Naga Chaitanya and Sai Pallavi’s Romantic Thriller Starts Strong

2
Ranveer Allahbadia Faces Backlash for Inappropriate Jokes on Samay Raina's Show; Neelesh Misra Criticizes ‘Perverted Creators’

Ranveer Allahbadia Faces Backlash for Inappropriate Jokes on Samay Raina’s Show; Neelesh Misra Criticizes ‘Perverted Creators’

2
Mumbai private bus operators announce strike from July 1, school bus services also to be affected

Mumbai private bus operators announce strike from July 1, school bus services also to be affected

June 25, 2025
Yashasvi Jaiswal Criticized for Dancing Before English Crowd After Dropping 4 Catches: 'If Rohit Sharma Were Captain

Yashasvi Jaiswal Criticized for Dancing Before English Crowd After Dropping 4 Catches: ‘If Rohit Sharma Were Captain

June 25, 2025
India Rejoices as Falcon 9 Returns After ISS Mission with Shubhanshu Shukla Onboard

India Rejoices as Falcon 9 Returns After ISS Mission with Shubhanshu Shukla Onboard

June 25, 2025
LocalTak

Copyright © 2017-2025 | All Rights Reserved by LocalTak.
Owned by ASHASWEB PRIVATE LIMITED

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • My account
  • Categories
    • Astrology News
    • Business News
    • Cricket News
    • Education News
    • Entertainment News
    • Fashion News
    • India News
    • Lifestyle News
    • Science News
    • Sports News
    • Startup News
    • Technology News
    • World News
  • Advertise
  • Liberty Wire

Copyright © 2017-2025 | All Rights Reserved by LocalTak.
Owned by ASHASWEB PRIVATE LIMITED