Trump's Terms President Trump blinks on tariffs
Apr 10, 2025
President Trump's sudden retreat from proposed trade tariffs sends ripples through global markets. As he maintains a 10% tariff on imports, tensions flare with China, where retaliatory tariffs have soared to 125%. Insights from a White House correspondent illuminate the intricate dynamics of trade policy. The discussion highlights the shifting landscape of U.S. economic strategy and its potential repercussions on domestic and international fronts.
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Trump's Tariff Reversal
- President Trump reversed his stance on tariffs after initially holding firm.
- He cited market pressures and concerns, but later framed the shift as part of his strategy.
Tariff Pause and Negotiations
- A 90-day pause on tariffs is in effect, with a baseline 10% tariff remaining.
- Tailor-made negotiations with individual countries will follow, although specific goals remain unclear.
China Tariffs Remain
- Tariffs on China remain and have increased to 125%, while tariffs on other countries are paused.
- Trump called this a punishment for China's retaliatory tariffs but still considers Xi Jinping a friend.