The markets have finally received some relief today, with US President Donald Trump this afternoon indicating that he has authorized a pause on recently imposed tariffs. The pause is set to apply to non-retaliating countries, meaning major markets like China are left out of the relief.
Specifically, reports have suggested that the pause applies to both reciprocal tariffs, as well as the 10% minimum tariffs imposed by the US last Saturday.
At the same time, tariffs on China have been raised yet again to 125%, up from the 104% rate that went into effect this morning. The latest raise follows China retaliating to the increased tariff by announcing a tariff rate of 84% on US-sourced goods as of Thursday.
Sponsored · Selkirk Copper Mines
The latest round of tariffs against China are said to be effective immediately.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
