President Trump has significantly modified the sweeping reciprocal tariffs imposed earlier this week, pausing rate increases for 90 days while dramatically increasing pressure on China with an immediate 125% tariff rate. In the meantime, the universal 10% tariff on all imports from other countries remains in effect.
The policy shift comes as numerous countries have approached the administration seeking new trade negotiations. Treasury Secretary Scott Bessent has suggested that initial trade discussions will likely focus on several of China's regional neighbors.
USMCA-compliant goods from Mexico and Canada, including tequila and Canadian whisky, remain exempt from the global baseline tariffs.
.png?upscale=true&width=204&upscale=true&name=Park%20Street%20Logo%20-%202%20Lines%20(1).png)
