Rabat-Donald Trump demanded a 90-day break at almost all recently imposed tariffs and withdrew from a trade that set markets in turbulence, except when it comes to China.
In a message divided On Wednesday, Trump said that he had approved a global tariff break and reduced the universal tariff rate to 10%on Wednesday. The change has an immediate effect. But in the same breath, he announced a sharp hike via imports from China, which increased the rate to 125%.
Trump accused Beijing of treating global markets with “lack of respect” and insisted that the United States would no longer accept what it described as one -sided trading practices. “China got away for too long,” he wrote. “This era is over.”
The change of the White House came shortly after China introduced new retaliation duties that were aimed at US goods. The reaction in Washington, more energetic than expected, signals that Trump continues to be determined to reset the conditions of trade with the second largest economy in the world.
After BBCThe Finance Minister Scott Bessent described the decision as a turning point. Trump had “great courage to keep the course until this moment,” he said in comments. The administration told countries all over the world: “Do not return and they are rewarded so that every country in the world that wants to come and negotiate are ready to hear them,” he added.
Minister of Commerce Howard Lutnick too weighed. He and better were on Trump’s side when he shared the update on social media. “The world is ready to work with President Trump to fix global trade, and China chose the opposite direction,” wrote Lutnick about X.
Wall Street reacted with relief. The Dow rose by 2,200 points or almost 6%, while the Nasdaq rose by more than 8%. Investors who feared a broader economic shock welcomed the move as an opportunity to get back on the base.
Nevertheless, the 10% tariff remains in most countries for the time being, with Canada and Mexico having the only exceptions. Bessent confirmed that the reduced tariff applies across the board, however, emphasized that it was temporary.
The situation remains fluid at the moment. While the 90-day break signals a potential opening for the dialog, the sharp tariff hike on China adds a layer of uncertainty.
Nobody knows what the landscape will look like as soon as the break ends, but at the moment there are things: a temporary cooling time for most, a tough posture towards China and a global trading system that comes next.
