The White House says that the implementation of the new tariff rates announced by the US President has been suspended for a period of 90 days. However, the sources say that the increased 125% tariff against China will remain in effect.
After the US imposed a 104% tariff on Chinese imports, China imposed an 84% tariff on US imports . In response, the US increased the tariff on Chinese imports to 125%.
Foreign media reports that US Treasury Secretary Scott Besant said that the purpose of raising taxes is to negotiate with those countries and review their taxes, and that 75 countries have so far agreed to negotiate with the US, and that more countries will come forward in the future.