Trump Puts 90-Day Pause on Higher Tariffs, But Hikes China Rates

WATCH: President Donald Trump said he would raise duties on China to 125% while pausing reciprocal tariffs on dozens of non-retaliating countries for 90 days.Source: Bloomberg

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By Skylar Woodhouse and Josh Wingrove

April 9, 2025 at 1:25 PM EDT

Updated on

April 10, 2025 at 12:08 AM EDT

President Donald Trump announced a 90-day pause on higher tariffs that hit dozens of trade partners after midnight, while raising duties on China to 125%.

The president’s about-face came roughly 13 hours after high duties on 56 nations and the European Union took effect, fueling market turmoil and stoking recession fears. Trump faced massive pressure from business leaders and investors to reverse course.