Trump’s halt to tariffs The opposing viewpoint: On Wednesday, President Donald Trump declared a 90-day halt and “substantially” reduced reciprocal tariffs.
In a post on Truth Social. Additionally, he increased import duties from China to 125%. RELATED: Trump tariff overview: Current situation after halt
The 10% baseline tariff rate, which went into force on April 2, also known as “Liberation Day,” and is applicable to all imports entering the United States,
Will be temporarily reinstated for all nations, with the exception of China, according to FOX Business. Trump gave reporters an explanation on Wednesday for the tariff halt, stating,
“Well, I thought that people were jumping a little out of line, they were getting yippy… they were getting a little bit yippy, a little bit afraid.”
What is the purpose of Trump’s tariffs? The backstory According to the Trump administration, tariffs—taxes on imported goods—may serve a number of functions,
