‘Do not retaliate’: White House warns other nations as Trump slaps China with 125% tariffs
[ad_1] US President Donald Trump (NYT photo) In a dramatic shift, President Donald Trump on Wednesday hit pause on sweeping tariffs for the majority of US trading partners, announcing a 90-day freeze — except for China, which he targeted with a crushing new tax. The surprise pivot came less than a day after broad new duties triggered turmoil in global markets. While most nations got a temporary reprieve, Trump delivered a powerful blow to Beijing, imposing a 125 percent tariff on all Chinese imports. China immediately retaliated, slapping 84 percent tariffs on American goods, according to state-run Xinhua. The tit-for-tat measures mark a dangerous new peak in the ongoing trade standoff between the world's top two economies. Despite the global implications, the White House doubled down on its pressure campaign. "Do not retaliate and you will be rewarded," read a […]