BURSTOn Wednesday, Donald Trump, once again, took to Truth Social to abruptly shift US trade policy, announcing a 90-day pause "substantially" lowering reciprocal tariffs against all countries except China to 10 percent.
Because China retaliated—raising tariffs on US imports to 84 percent on Wednesday—Trump increased tariffs on China imports to 125 percent "effective immediately." That likely will not be received well by China, which advised the Trump administration to cancel all China tariffs Wednesday, NPR reported.
"The US's practice of escalating tariffs on China is a mistake on top of a mistake," the Chinese finance ministry said, calling for Trump to "properly resolve differences with China through equal dialogue on the basis of mutual respect."