Trump Increases Tariffs On China Pauses Others

President trump made a major announcement concerning tariffs today. In a truth social post, the president said he is increasing the tariff against China to 125 percent to go into effect immediately. After that country announced a retaliatory tariff against the US earlier today. At the same time, Trump announced a 90-day pause on all other announced tariffs. Opting instead to go with a 10-percet across-the-board tariff. The stock market reacted quickly to the news, causing a spike in gains on wall street in the aftermath. Trump says he based his decision on the fact that his administration has heard from "More than 75 countries" that want to negotiate new trade deals with the united states. White house press secretary Karoline Levitt, and treasury secretary spoke about the president's decision today.