Trump announces 90-day “pause” in trade war
10 April 00:14
US President Donald Trump announced that the US has put additional tariffs on hold for a number of countries. Almost all of them will be subject to a 10% duty. He wrote about this on Truth Social, "Komersant Ukrainian" reports
According to Trump, more than 75 countries have contacted US representatives to resolve issues related to trade, trade barriers, tariffs, currency manipulation, and non-tariff barriers. However, they have not taken any retaliatory measures after Washington’s decision on tariffs.
“I have authorized a 90-day pause and a substantial 10% reduction in the mutual tariff during this period, which also takes effect immediately. Thank you for your attention to this issue,” Trump said.
Trump’s tariffs
on April 2, US President Donald Trump announced the introduction of “mirror” tariffs against almost all countries of the world (except Russia, Belarus, Cuba and the DPRK). These tariffs, according to the White House, will be half of the tariff that a particular country has imposed on US goods. For example, China allegedly imposes a 67% tariff on US goods, so the US imposed a 34% tariff on Chinese goods.
For those countries that do not impose special duties on American goods, a basic tariff of 10% was introduced.
Trump called the introduction of such trade barriers “Liberation Day” and said that this day would go down in US history as the beginning of the restoration of the American economy and greatness.
Interestingly, the comparative table released by the White House provides data on tariffs against 185 countries, but Russia is not on the list. Instead, it includes the Herd and McDonald Islands, which were subject to a basic 10% tariff. The only thing is that there is not a single person on these islands.
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