09-04-25, 18:31
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#8
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Join Date: Feb 2011
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DUMB TRUMP Backtracks AGAIN-Announces 90 Day Pause on Tariffs-EXCEPT China
DUMB TRUMP Realises He COKKED Up & Announces 90 Day Pause on Tariffs
Facing a global market meltdown, Trump announces 90 day pause on tariffs EXCEPT for China -raised to 125%
AP 9 APR 2025
Preening and praising himself, Trump said: Based on the lack of respect that China has shown to the Worlds Markets,
I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately
Trump announced receiving $5BILLION per day from my tariffs.... ''''
In a significant climb-down by the US president, he said he would delay his highest levies on countries that had not retaliated. However, he would hike tariffs on China to 125pc with immediate effect.
It comes just days after Bill Ackman, a Wall Street billionaire who backed Mr Trump?s election, urged the President to call a 90 day time out to make trade deals or risk a self-induced, economic nuclear winter
He added that because over 75 countries want to negotiate deals with the US, he had authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.
Wall Street surged on the news, with the S&P 500 now up 7.5pc and the Nasdaq up 9.6pc.
Hours earlier, Mr Trump had urged investors to buy stocks.
THIS IS A GREAT TIME TO BUY.. Mr Trump on Truth Social, his social media site. BE COOL Everything is going to work out well. The USA will be bigger and better than ever before
China announced a tariff hike on US imports to 84pc from 34pc, shortly after Mr Trumps punitive 104pc tariffs on Chinese imports kicked in this morning.
China WONT BACK DOWN and said
'We will fight US bullying... andfight to the end'
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AMERICA WAS ONCE AN INNOVATED & RESPECTED COUNTRY and THEN ALONG CAME TRUMP.....
That buzz you hear is George Washington spinning in his grave
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