President Trump defeated China’s Tarrif 125%.
Nigeria News Nalin It is reported that US President Donald Trump announced that a 90-day pause was announced in a dramatic policy reversal, amid a dramatic policy reversal, the newly implemented reciprocity tariff was announced in a few hours.
The suspension was immediately raised to 125% as China’s import tax escalated significantly.
The decision marks a major shift in government trade strategies, exacerbating pressure in global markets, business leaders and investors who care about the risks of recession.
90-day pause, most countries have lower tariffs
Trump confirmed the move on social media on Wednesday, noting:
“I have authorized a pause of 90 days and have greatly reduced mutual tariffs during this period, and there is also a 10% rate that will also take effect immediately.”
- The higher tariffs on 56 countries and the European Union exceeded 30%, triggering market volatility. Under the new arrangement, these countries will now face a 10% benchmark tariff, except for China.
- More than 75 countries have sought to negotiate a revised trade agreement with Washington, according to White House officials. Trump stressed that none of them retaliated. “According to my strong advice.”
Market surges, recession will be easy
The U.S. financial markets responded quickly to Trump’s announcement. The S&P 500 jumped 8%, the largest single-day increase since 2020, while the technology-heavy Nasdaq 100 recorded its biggest surge since 2008.
Goldman Sachs analysts withdraw their forecasts for the U.S. recession, citing increased investor confidence.
The bond market cuts losses, although yields span maturity. Commodity and energy prices also soared, with copper, Arabica coffee and natural gas gains significantly. Bitcoin released a sharp rally while soy futures lag, and the signal continued with uncertainty in U.S.-China trade.
China raises interest rates with steep tariffs
The Trump administration has escalated its trade conflict with China as it eases tariffs on most U.S. trading partners.
Citing a lack of respect for global markets, Trump announced in Beijing that it plans to impose an 84% tariff on U.S. goods starting Thursday, announcing a 125% tax on Chinese imports.
“Based on China’s respect for the world market, I hereby raise the U.S. tariffs on China to 125%, and will take effect immediately,” he said. Trump wrote online.
The decision reflects the government’s continued tough stance on Beijing, with ongoing tensions around technology, intellectual property and supply chains.
Trump’s strategy
Finance Minister Scott Bessent described the tariff suspension as part of a broader strategy to gain negotiation power.
“It has always been his strategy. He has created the biggest negotiating leverage for himself.” Bessent told reporters.
He added that negotiations will soon begin with several Asian economies, including Vietnam, Japan, India and South Korea.
Billionaire investor Bill Ackman, a voice supporter of the president’s economic policy, warned earlier that a large number of tariff hikes could trigger a “self-induced nuclear winter.”
He publicly urged Trump to implement a temporary suspension.
- Meanwhile, Democratic lawmakers raised concerns about the timing of Trump’s announcement and its impact on financial markets.
- Representative Steven Horsford accused the president of “market manipulation,” which shows that the move benefits wealthy investors.
- U.S. Trade Representative Jamieson Greer caught off guard at an indoor hearing, denied any manipulation and insisted that the decision was policy-driven.
Background story
US President Donald Trump recently called him “Liberation Day. ”
The decision sent global markets to the tail as foreign investors fear uncertainty and potential reciprocal tariffs. In response, China retaliated against tariffs from all U.S. importers.
The United States also imposes a 14% tariff on Nigeria, claiming that the country’s operating trade surplus.
This should guarantee a 28% tariff, according to Trump’s stated policy, but Nigeria received what Trump said “Franchise” 14% ratio.
