Trump suddenly reversed the course on Wednesday, announcing a 90 -day break from the serious prices he had imposed on the countries of the world a week earlier.
“I think people were jumping a little,” he said, recognizing that market instability played a role in his decision to retreat. “They became a little scared a little,” he added.
While stopping its wider tariff initiative – while maintaining a “reciprocal” rate of 10% on almost all countries, as well as drastic measures targeting metals – Trump has reached tariffs against China at 125%. This decision, he posted on social networks, was based “on the disrespect that China has shown in the world markets”. Beijing had retaliated against Trump, implementing his own massive prices on American imports.
Polish Prime Minister Donald Tusk, the German chancellor designated Friedrich Merz and Spanish Prime Minister Pedro Sánchez also exhaled the rise of Trump.
“Let’s be the best of the next 90 days,” said Tusk on Wednesday. According to Merz, the new measures announced by the United States have shown the advantages of European unit, while Sánchez said that it “seems to open the door to negotiation and therefore an agreement between countries”.
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