The US has implemented a 90-day pause on tariffs, reducing them to 10% for all countries except China. In response to China’s increase of tariffs on US imports to 84%, the US has escalated tariffs on Chinese imports to 125%. This move comes amidst ongoing trade tensions. The Chinese finance ministry criticized the US’s tariff escalation as a mistake and urged for resolution through dialogue. The US consumer technology industry, valued at $505 billion, is feeling the impact. The Consumer Technology Association (CTA) reported that small businesses and startups are particularly vulnerable to these fluctuating tariffs. Despite a recent stock market surge following clarification from Treasury Secretary Scott Bessent, uncertainty persists among tech companies. CTA’s CEO Gary Shapiro praised the tariff pause as beneficial for American consumers but called for a complete revocation of the tariffs to alleviate ongoing pressures on small businesses.
Pascal Anglehart
@DemosKratosCA
·
19h Donald Trump just dropped a 90-day tariff pause to haggle with countries that reached out—except the ones dumb enough to slap tariffs back on the US.Like
China…. and Fucking CANADA.Canada’s run by morons.
Benjamin Way
@BWay124
·
21h Oh would you look at that…The markets don’t really hinge on China at all? They’re just a producer?Every market is up on the WH announcement of a pause on tariffs, reducing to 10%, to good faith countries only. Not China. They get 125%.
Susan Li
@SusanLiTV
·
21h Look at that #StockMarket spike#Trump pauses #Tariffs for 90 days except #ChinaReduces 10% baseline #Tariff
Runningbear
@RunningBearTx
·
20h China just had the Mother of all Tariffs dropped on them.
125% effective immediately and it may even go higher!Groceries prices, Fuel, interest rates are all down while the stock market is enjoying a healthy Boom today!Welcome to the Art of the Deal on a Global Level!
Ꮃꭺꮮꮮ Ꮪꭲꭱꭼꭼꭲ Ꮪꮋꭼꭼꭲ
@wallstreetsheet
·
21h 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚 𝗡𝗘𝗪𝗦 𝗡𝗢𝗪
Trump Pauses Tariffs for most countries for 90 days and imposes a reduced Tariff of 10%.
China has its Tariff raised to 125%
#tariffs #China
Economic Times
@EconomicTimes
·
1h #Zuckerberg learnt #Mandarin, travelled to #China…’: Sarah Williams drops bombshell at Senate hearingCatch the day’s latest news and updates ➠ https://ecoti.in/aOQjWb
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
