US President Donald Trump has paused his sweeping reciprocal tariffs by announcing a 90-day freeze for all countries except China, which were announced by him on ‘Liberation Day.’
While most nations received temporary relief, Trump imposed a steep 125 per cent tariff on all Chinese imports. In response, China hit back with 84 per cent tariffs on US goods, further escalating the trade war between the world’s two largest economies.
The White House also warned other countries not to retaliate against the imposed tariffs, saying: “Do not retaliate and you will be rewarded.”
Donald Trump said he paused the imposition of higher tariffs on many countries because people “were getting a little bit yippy.” He said, “Well, I thought that people were jumping a little bit out of line. They were getting yippy, you know, they were getting a little bit yippy, a little bit afraid—unlike these champions—because we have a big job to do.”
Meanwhile, China stood firm against US pressure, and its 84 per cent tariffs on American imports took effect at 12:01 pm on Thursday, according to Chinese state news agency Xinhua.
Content retrieved from: https://www.firstpost.com/world/do-not-retaliate-you-will-be-rewarded-white-house-warns-amid-trumps-pause-and-punish-move-13878674.html.
