Trump tariffs updates: President decided to pull reciprocal tariffs 'this morning'
Last updated: Thursday, April 10, 2025 2:00AM GMT
In a dramatic move Wednesday, President Donald Trump says he has authorized a 90-day pause in the higher tariffs for most countries he announced last week - while maintaining a 10% baseline tariff across the board.
In a dramatic move Wednesday, President Donald Trump says he has authorized a 90-day pause in the higher tariffs for most countries he announced last week - while maintaining a 10% baseline tariff across the board.
Treasury Secretary Scott Bessent told reporters, "It took great courage, great courage for him to stay the course until this moment," reiterating what he mentioned a week ago, "do not retaliate, and you will be rewarded."
The pause would not apply to China - on which Trump said he was raising the U.S. tariff to 125% because, unlike other countries, Bessent said, it was unwilling to make a deal.
Trump announces 90-day 10% reciprocal tariff rate and increased 125% tariff rate on China
President Donald Trump has announced that countries subject to reciprocal tariffs will have a lowered 10% rate for 90 days, according to a new social media post.
This does not apply to China, which Trump says is now subject to a 125% tariff rate following their retaliatory tariff announced earlier Wednesday.
President Donald Trump speaks during an event on energy production in the East Room of the White House, Tuesday, April 8, 2025, in Washington.
"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," Trump wrote.
Apr 09, 2025, 7:36 PM GMT
Trump says he was watching bond market
President Donald Trump was asked whether the change in the bond markets was a factor in changing his tariff policy.
The president said he was watching bond market and called it "tricky."
President Donald Trump speaks during an event with auto racing champions at the South Portico of the White House Wednesday, April 9, 2025, in Washington.
"I was watching it, but if you look at it now, it's beautiful. The bond market right now is beautiful. but, yeah, I saw last night where people were getting a little queasy," he said.
Trump quickly changed the subject and praised Republicans for supporting his policies.
Apr 09, 2025, 7:32 PM GMT
'I just want fair deals,' Trump says after tariff shakeup
"A deal can be made with everyone," President Donald Trump said as he took some questions in the White House driveway after announcing a pause for some tariffs for nations that want to negotiate.
"A deal is going to be made with every one of them, and they'll be fair deals. I just want fair deals," Trump said.
President Donald Trump speaks during an event with auto racing champions at the South Portico of the White House Wednesday, April 9, 2025, in Washington.
Trump said he believed China wants to make a deal, despite tariff tit-for-tats escalating between the U.S. and Beijing.
Apr 09, 2025, 7:29 PM GMT
Trump talks about changing tariffs, 'nothing's over yet'
President Donald Trump was asked about his change in tariff policy and said he was honored to have hit the tariffs.
"I thought people were... getting yippie," he said.
President Donald Trump speaks during an event with auto racing champions at the South Portico of the White House Wednesday, April 9, 2025, in Washington.
The president continued to slam China over its policies and warned that "Nothing's over yet."
Apr 09, 2025, 6:48 PM GMT
72% Americans say tariffs will hurt economy: Poll
A majority of Americans said the tariffs will hurt the U.S. economy in both the short and long-term, according to a Quinnipiac University poll released Wednesday.
For the short-term, 72% of voters think the tariffs will hurt the U.S. economy, while 22% think the tariffs will help the U.S. economy. Roughly 53% of Americans said the tariffs will hurt the economy long-term, according to the poll.
US brand cereals, left, sit next next to imported cereals from Taiwan in an aisle at 99 Ranch Market, in Los Angeles Monday, April 7, 2025.
"Will time reduce the pain? Some think it will, but a majority don't envision that happening," Quinnipiac University Polling Analyst Tim Malloy said in a statement.
The university polled 1,407 self-identified registered voters nationwide from April 3 to April 7. The poll has a margin of error of +/- 2.6 percentage points.
