Donald Trump folds on tariffs--kinda

[Yo_Mama_Been_Loggin]

President Donald Trump partially caved on his absurd and destructive “Liberation Day” tariffs, announcing on Truth Social Wednesday that he’s lowering his universal tariff on nearly every country to 10% for the next 90 days, while raising his tariff on China to 125%.

Trump wrote:

Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. 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. Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!

Trump’s announcement sent the stock market soaring, with the Dow Jones Industrial Average climbing more than 2,500 points minutes after his announcement.

But a 10% blanket tariff on nearly every country is still insane and inflationary.

https://www.dailykos.com/stories/2025/4/9/2315558/-Donald-Trump-folds-on-tariffs-kinda

We import a ton of stuff from China. Trump's tariffs will still cause inflation.

[Bernardo de La Paz]

1. 25 % tariffs against Canada & cars & car parts & steel & aluminum remain in place. . . . nt