Trump in a Truth Social post says he is “immediately” raising U.S. tariffs on Chinese imports to 125% “based on the lack of respect that China has shown to the World’s Markets.”
But Trump in the same post says he has “authorized a 90 day PAUSE” for other countries, pointing to what he says are more than 75 nations who have reached out to negotiate.
That pause, and “a substantially lowered Reciprocal Tariff during this period, of 10%,” are both “effective immediately,” Trump writes.
The most insidious part is that these ghouls depend on creating fear and uncertainty to spook people, largely with retirees who will be left to the mercy of Social Security if their investments were to be decimated. It was galling to see Trump bragging about Charles Schwab and some other insider making billions of dollars directly from his market manipulation.