Trump delays tariffs for 75 countries for 90 days. Positive market response to increased tariffs on China.
Donald Trump, the President of the United States, announced that he is postponing the implementation of new tariffs for 75 trading partners who have not retaliated against his government’s tariff regime for 90 days. However, a 10% tariff will still remain for these countries. Meanwhile, Trump increased tariffs on China to 125% and stated, ‘China’s days of taking advantage of the United States and other countries are over.’ Stock markets and digital currencies responded positively to this news, experiencing significant growth.
