Trump Tariffs Suspended for 3 Months, 125% Tariffs on China

US President Trump has suspended tariffs on the rest of the world except China for three months, however, during this time, the 10% tariff on these countries will remain in place, while he has immediately increased the tariff on China to 125%.

The US President has said that China should know that deception will no longer be tolerated.I

mmediately after the US President’s decision to suspend the tariffs, oil and stock markets around the world rose sharply, with oil prices increasing by about four percent.

The US stock market increased by about 7 percent.

In addition, in response to the US imposing a 25% tariff on European countries, the European Union also approved a 25% tariff on the US, which will be implemented from April 15.

Meanwhile, a spokesperson for the Beijing Ministry of Commerce has said that if the US insists on following its path, China will fight against it until its last breath.