Connect with us

Economy

Trump declares 90 days suspension of tariffs for global trade allies, exempts China

Published

on

Donald Trump announces the death of three Israeli hostages held in Gaza

In a dramatic twist to the ongoing global trade standoff, United States President, Donald Trump, has on Wednesday April 9, 2025, announced a 90-day suspension of tarriff.

The suspension tariffs is  for all trading partners excluding China amid mounting international pressure and behind-the-scenes negotiations.

The announcement, which was made public through a post on his verified X (formerly Twitter) account around 1:30 p.m. on Wednesday.

This comes at a time when diplomatic efforts by over 75 countries have intensified to de-escalate the rising tensions in global trade.

Trump, known for his hardline stance on trade policies, disclosed that the decision was influenced by what he described as the “constructive posture” of several countries who have shown willingness to negotiate rather than retaliate.

Based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States.

“I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!” Trump posted.

However, China remains  exempt from this temporary reprieve, as Trump’s post did not indicate any shift in Washington’s tough posture towards Beijing.

Analysts say the exclusion of China signals that the U.S. president is still focused on holding the Asian giant accountable for what he perceives as unfair trade practices.

See also  Ex-Military administrator Akaagerger dies at 69

This latest development is expected to have significant implications for global markets.

stakeholders are  keenly watching for China’s response in the coming days.


For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest from DDM TV

Latest Updates

10 Reasons Why I Don’t Support President Tinubu Anymore

We don’t steal, we only need jobs — Abuja displaced youth

Nighttime drooling may signal six hidden health conditions

Excessive urination more than four times daily may signal health risks

Foods HIV patients should take regularly to maintain strong immune system

States’ budget surplus rises to ₦7.1trn amid Tinubu’s fiscal reforms

2027: We’ll resist any attempt to stop Obi on ballot — Obidients

DSS nabs bandits leader reportedly behind deadly Kwara, Niger attacks

Ibom Airline: Stop gaslighting injustice — Activist Paul blasts Keyamo

North extremely comfortable with Tinubu — Bwala

Subscribe to DDM Newsletter for Latest News

Get Notifications from DDM News Yes please No thanks