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Trump Freezes Global Tariffs – Except China, Which Faces 125% Hit
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Market Business News
In a move that caught even his own trade team off guard, President Donald Trump has announced a 90-day pause on higher tariffs for most countries… but with one major exception. China, long the focal point of his trade grievances, now faces a staggering 125% tariff on its exports to the United States, effective immediately. According to Trump’s Truth Social post, it’s about “the lack of respect China has shown to the World’s Markets.”