President Donald Trump said he is not concerned about his credibility due to the tariff pause.
Speaking to reporters on April 9 outside the White House, Trump addressed the change in direction after previously indicating he wasn't considering a pause, saying, "You have to have flexibility."
WASHINGTON—White House press secretary Karoline Leavitt advised that the Trump administration’s reciprocal tariffs will be reduced for the next 90 days as negotiations with international trade partners continue.
“The tariff level will be brought down to a universal 10 percent tariff,” Leavitt told reporters outside the White House.
President Donald Trump announced on April 9 that he is pausing for 90 days reciprocal tariffs that went into effect earlier in the day, while at the same time raising rates for China.
The president said that more than 75 countries have responded to his tariffs with diplomatic overtures rather than countermeasures, noting that these nations “have not ... retaliated in any way, shape, or form against the United States.”
Treasury Secretary Scott Bessent on Wednesday warned other countries not to align themselves with China on trade as it engaged in tit-for-tat tariffs on the United States.
He did not provide details on what the Trump administration may do if a country chooses to pivot toward China during the tariff impositions.
Europe must make radical policy changes, failing which, more than $100 billion in funding for pharmaceutical research, development, and manufacturing could move to the United States, warned the European Federation of Pharmaceutical Industries and Associations (EFPIA).
The at-risk figure is based on a total of 164.8 billion euros ($182 billion) worth of planned investments in the 27-member European Union bloc over the 2025–29 period.
President Donald Trump on Wednesday promoted the idea of companies shifting operations to the United States as a solution to offsetting higher tariffs that his administration announced last week and which went into effect earlier in the day.
That way, the companies will pay “ZERO TARIFFS,” will face no environmental-related delays, and will receive “almost immediate” electrical connections, he wrote.
The European Union has approved its first set of retaliatory measures in response to U.S. tariffs on steel and aluminum.
China’s finance ministry has announced an additional 84 percent tariff on all goods imported from the United States, set to take effect on Thursday.
President Donald Trump’s 104 percent tariffs on China and higher reciprocal levies on dozens of other nations went into effect at 12:01 a.m.
In February, Trump imposed a 10 percent tariff on Beijing over fentanyl. Weeks later, he doubled the import duty to 20 percent. During the long-awaited April 2 “Make America Wealthy Again” event, the president announced a 34 percent reciprocal tariff on all Chinese imports.