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The Economist
The Economist
10 Apr 2025


NextImg:Politics

Donald Trump pulled back from his latest and biggest round of punitive tariffs by announcing a 90-day pause for countries that did not impose retaliatory trade duties, taking them down to a 10% tariff. The American president said more than 75 countries were willing to negotiate. He did not offer any relief for China, however, instead raising the tariff rate on Chinese imports. China had earlier vowed to “fight to the end” as it imposed counter-tariffs on American imports. It described the extra duties as “a mistake on top of a mistake”.