Trump pauses most tariffs for 90 days, but raises tax on China

President Trump has paused his tariffs on most nations while jacking up the tax rate on Chinese imports to 125 percent. The president explained that more than 75 countries have contacted the U-S government for trade talks since the announcement of reciprocal tariffs. He also said he was monitoring the bond market and thought people were getting a bit “yippy,” afraid. The president’s pause on some tariffs sent stocks sharply higher. e by more than 12 percent.