Trump announces a 125% tariff on goods imported from China, effective immediately.
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This decision comes in response to ongoing trade tensions between the U.S. and China. Trump declared a 90-day pause on tariffs for other countries. Plus a lowered 10% reciprocal tariff during this period. China had previously responded to a U.S. tariff increase to 104% with an 84% tariff on all U.S. imported goods.
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