Trump’s Tariff Update: 90-Day Pause Announced By US President For Most Countries, China Tariff Hike to 125%

<p>US President Donald Trump on Wednesday announced to increase tariffs on Chinese goods to 125%, citing its continued disregard for global market norms. At the same time, Trump announced a 90-day pause on tariff increases for other countries as part of his plan, according to a report by Reuters.</p>
<p>According to The Washington Post, President Donald Trump announced a 90-day hold on his multiple tariffs on social media when Jamieson Greer, his trade representative, was in a hearing with House members.</p>
<p>Earlier on Wednesday, in response to the U.S. move, China and the European Union launched retaliatory measures. According to a copy of the E.U. strategy obtained by The Washington Post, the bloc approved tariffs of up to 25 percent on a wide range of American products. For its part, China imposed an 84 percent duty on all U.S. imports.</p>
<p>Representative Steven Horsford (D-Nev.) raised his voice while questioning Greer about when he became aware of the sudden policy shift, exclaiming, &ldquo;This is amateur hour.&rdquo; Greer responded that he does not disclose his conversations with the president.</p>
<p>Later, an exasperated Horsford shouted, &ldquo;WTF!&rdquo; while slamming his fist on the table and criticizing the administration&rsquo;s approach. &ldquo;Who&rsquo;s in charge??&rdquo; he demanded.</p>
<p>Earlier, President Trump also attempted to reassure the public as his expansive import tariff policy was rolled out. On social media, he urged Americans to &ldquo;BE COOL.&rdquo;&nbsp;</p>
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