Alalum prevails with Donald Trump’s duties, because a few hours after the explicit wording that they will be implemented immediately and after the White House was denied for any “freeze”, the US president requested their postponement. More specifically, in a post on his website, Truth Social, Trump said he would impose 125% duties on China because of Beijing’s “retaliation”. But it will suspend the duties he had announced for the rest of the world, for which only a “payroll” duty of 10% will apply. “Due to the lack of respect for China against international markets (…) I am increasing tariffs in China to 125%,” he wrote. “At the same time, due to the willingness of more than 75 countries to negotiate, I have been suspended for 90 days of the reciprocal duties that will be significantly reduced during this period, to 10% and will be effectively entered into force” for other countries. Speaking to reporters, the US president acknowledged that many were “scared a little” for them […]
Source: News Beast
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