Trump makes customs duties for many international locations, meets China more durable

US President Donald Trump stops a table on April 2, 2025 in Washington, DC, during a trade display “Make America Wealthy”.

Chip Somodevilla | Getty Images News | Getty pictures

President Donald Trump reduced new tariff prices for imports from most US trading partners to 10% on Wednesday to enable trade negotiations with these countries.

Trump announced the break hours after goods from almost 90 nations were exposed to stiffer, so -called mutual mutual tariffs from the United States.

In a social media post, the president also said that he increased the tariffs that were imposed on imports from China to 125% “immediately”, “due to the” due to the lack of respect that China showed the world markets “.

China, the third largest trading partner in the United States, said on Wednesday that it would increase its tariff rate for imports from the USA to 84%.

Trump said “more than 75 countries” contacted US officials to negotiate after he had unveiled his new tariffs last week.

The stock market indices on Trump's announcement on Wednesday grew greatly higher and turned around for four days of loss. The benchmark S&P 500 index jumped around 7%, which has been up to date for his biggest single day profit in five years.

When Trump was asked for the reason for his decision later, Trump said to report: “Well, I thought that people jump a little out of line.”

“They became Yippy, you know, they became a little Yippy, a little scared,” said Trump in the White House.

Finance Minister Scott Bessett claimed that Trump had always intended to slow down the far -reaching tariffs that the president announced last week.

“This was his strategy all the time,” said Bessent in the White House, where officials, including him, had contested for days that the tariffs would be suspended.

Read more CNBC policy reporting

On April 2, Trump said that he would impose a basic rate of 10% for tariffs for imports from more than 180 countries.

A subgroup of the imports of 90 countries would be exposed to mutual tariffs that came into force on Wednesday. These improved taxes were between 11% and 50%.

The financial markets have been in turbulence since Trump's announcement, with the US stock markets suffered four declines in a row from Tuesday.

The chairman of the Senate Minister, Chuck Schumer, D-NY, criticized Trump on Wednesday and said that the President “Feel the heat of the Democrats and throughout America about how bad these tariffs are.”

“He tumbles, he withdraws and that's a good thing,” said Schumer.

“This is the government through chaos,” said Schumer, “he changes again and again from day to day. His advisors fight each other and call each other names, and they cannot lead a country with such chaos with such unpredictability, with such a lack of understanding of what is going on in the world, and the facts.

The Minister of Commerce Howard Lutnick said in a tweet that he and the finance minister Scott Bessent were sitting with Trump, while he explained the announcement on the truth -social, “one of the most extraordinary posts of his presidency”.

“The world is ready to work with President Trump to fix global trade, and China chose the opposite direction,” wrote Lutnick.

Read Trump's social announcement from Trump:

Due to the lack of respect that China showed in the markets of the world, I hereby increase the tariff that is charged to China by the United States from America, which are immediately effective. Hopefully China will see at some point in the near future that the days in which the USA and other countries are torn down are no longer sustainable or acceptable.

Conversely and based on the fact that more than 75 countries have called representatives of the United States, including the trade departments, the Ministry of Finance and the USTR, to negotiate a solution to the topics that commercial barriers, tariffs, tariffs, currency manipulation and not monetary tariffs, and these countries in no way, in any way Wise in the areas of Mae form, in which the countries in the United States have dealt, they have themselves. Break and a much lower mutual tariff during this period of 10%, also immediately effective. Thank you for your attention to this matter!