President Trump raised tariffs on Chinese goods to 125% but paused increases on other countries for 90 days.
US President Donald Trump on Wednesday announced to increase tariffs on Chinese goods to 125%, citing its continued disregard for global market norms. At the same time, Trump announced a 90-day pause on tariff increases for other countries as part of his plan, according to a report by Reuters.
According to The Washington Post, President Donald Trump announced a 90-day hold on his multiple tariffs on social media when Jamieson Greer, his trade representative, was in a hearing with House members.
Earlier on Wednesday, in response to the U.S. move, China and the European Union launched retaliatory measures. According to a copy of the E.U. strategy obtained by The Washington Post, the bloc approved tariffs of up to 25 percent on a wide range of American products. For its part, China imposed an 84 percent duty on all U.S. imports.
Representative Steven Horsford (D-Nev.) raised his voice while questioning Greer about when he became aware of the sudden policy shift, exclaiming, “This is amateur hour.” Greer responded that he does not disclose his conversations with the president.
Later, an exasperated Horsford shouted, “WTF!” while slamming his fist on the table and criticizing the administration’s approach. “Who’s in charge??” he demanded.
Earlier, President Trump also attempted to reassure the public as his expansive import tariff policy was rolled out. On social media, he urged Americans to “BE COOL.”
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