In a surprising turn of events, US President Donald Trump has announced a temporary suspension of retaliatory tariffs on most countries—excluding China. The decision comes just days after his aggressive global tariff campaign rattled markets worldwide.
In a post on his social media platform, Truth Social, Trump declared a 90-day pause on newly proposed tariffs for all countries except China. “I am suspending the counter-tariffs for 90 days. A 10% tariff will remain in effect during this period,” Trump wrote.
But the message for Beijing was crystal clear: tougher days are ahead. Trump announced an immediate hike in tariffs on Chinese goods from 104% to a staggering 125%. “Given China’s blatant disrespect for the global marketplace, I am increasing tariffs to 125%, effective immediately. The world can no longer tolerate China’s exploitation,” Trump wrote.
Treasury Secretary Scott Bessent praised Trump’s move, calling it “a bold and necessary step.” Speaking to reporters, Bessent said, “We made it clear to the world: if you don’t retaliate, you’ll be rewarded. And now, we’re ready to listen to those willing to negotiate in good faith.”
Commerce Secretary Howard Lutnick also confirmed he and Bessent were by Trump’s side when he composed what he called “one of the most consequential Truth posts of his presidency.” Lutnick emphasized, “The world is ready to work with President Trump, but China is walking the opposite path.”
The US stock market responded with a dramatic surge. According to CNN, the Dow Jones soared by 2,200 points (5.9%), while the S&P 500 jumped 6.5% and the tech-heavy Nasdaq surged 8%. Just a week ago, markets had plummeted following Trump’s initial tariff announcement.
Liberty News’ national correspondent reports that Bangladesh, which had been targeted with a proposed 37% tariff hike, now finds temporary relief. Nobel laureate and Trump advisor Dr. Muhammad Yunus reportedly sent a letter urging a three-month suspension of tariffs on Bangladeshi goods—a request Trump appears to have honored.
As Trump’s tariff saga continues, all eyes are now on China—and how it responds to this latest escalation.
LND/NE
