President Trump Announces 90-Day Pause on Tariffs for All Countries – Excludes China

The Voice of Canada News

In a major development impacting global trade dynamics, President Donald Trump has announced a 90-day pause on newly imposed reciprocal tariffs for all countries currently engaged in trade negotiations with the United States—with the sole exception of China.

Effective immediately, the temporary suspension is intended to allow ongoing trade discussions to advance without additional pressure, signaling a shift toward negotiation over confrontation in most bilateral relations.

However, in a dramatic move, President Trump has increased tariffs on Chinese imports to 125%, citing ongoing issues related to intellectual property theft, trade imbalances, and national security concerns.
“We’re giving our allies a window to come to the table and do what’s fair,” President Trump stated during a press briefing. “But with China—it’s time they played by the rules. This is America First, not America Last.”

Global Reaction

European Union: Welcomed the pause and announced a matching 90-day hold on retaliatory tariffs, expressing hope for renewed talks.

India: Acknowledged the decision positively and reiterated its commitment to constructive trade dialogue with the U.S.

China: Condemned the 125% tariff hike as “economic coercion” and announced immediate retaliatory measures targeting U.S. agricultural and tech exports.

Market & Industry Impact

Global financial markets experienced significant volatility following the announcement, particularly in sectors exposed to U.S.-China trade. Technology, manufacturing, agriculture, and energy stocks saw sharp fluctuations.

Trade analysts suggest the 90-day tariff pause may temporarily ease tensions with U.S. allies, but the escalation with China signals the potential for a deeper and more disruptive trade conflict in the months ahead.