April 9, 2025 — U.S. President Donald Trump has announced a 90-day pause on tariffs for most countries targeted by his “reciprocal” tariff action but raised tariffs on Chinese exports to 125 percent after the country promised retaliatory tariffs of its own.
Both China and Europe have announced retaliatory tariffs on goods from the U.S. as sweeping tariffs announced on 2 April by U.S. President Donald Trump were set to take effect on 9 April.