The S&P 500 jumped nearly 8% Wednesday following President Donald Trump’s announcement that a 90-day pause would be put on the proposed tariffs for non-retaliating countries. That does not include China, which will see a 125% tax rate increase on imported goods.
“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 in a post on Truth Social. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or
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