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President Donald Trump ramped up steep tariffs against Chinese imports to the U.S. this week while alleviating them for other countries during trade negotiations this week. He also signed a series of executive orders aimed at repealing Biden-era restrictions.
The Trump administration announced Wednesday it would lower reciprocal tariffs on other countries, while also revealing that the administration would immediately hike tariffs on Chinese goods to 145%. In response, China has raised its tariffs on U.S. goods to 125%.
Trump disclosed historic tariffs in a ceremony at the White House’s Rose Garden for a “Make America Wealthy Again” event on April 2, asserting that these new duties would generate new jobs for U.S. workers.
HOW WE GOT TO LIBERATION DAY: A LOOK AT TRUMP’S PAST COMMENTS ON TARIFFS
Treasury Secretary Scott Bessent departs following a tariff announcement in the Rose Garden of the White House in Washington, D.C., on Wednesday, April 2, 2025. (Photographer: Jim Lo Scalzo/EPA/Bloomberg via Getty Images)
The tariff plan established a baseline tax of 10% on all imports to the U.S., along with customized tariffs for countries that place higher tariffs on U.S. goods. The baseline tariffs of 10% took effect Saturday, while the others took effect Wednesday at midnight.
But Trump announced in a post on Truth Social Wednesday that reciprocal tariffs announced last week would remain paused for 90 days, during which period the countries would only face the baseline 10% tariff.
“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump posted on his Truth Social media platform on Wednesday.
Secretary of the Treasury Scott Bessent said that the tariffs suggest that China is at odds with the rest of the world.
“China is the most imbalanced economy in the history of the modern world,” Bessent told reporters Wednesday. “They are the biggest source…
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