“Sky News cut into its regular broadcast with breaking news as President Donald Trump unveiled two significant tariff updates.”
Sky News Brought to a Standstill as Trump Unveils Major Tariff Shake-Up
Sky News halted its regular programming for breaking coverage as U.S. President Donald Trump made two significant tariff announcements that sent shockwaves through global markets.
In a bold move, Trump revealed a 90-day pause on his aggressive “reciprocal” tariff strategy in response to diplomatic overtures from dozens of nations. However, tensions with China escalated as he declared a dramatic increase in duties on Chinese imports—rising to a steep 125%—citing a “lack of respect” from Beijing.
In an official statement, President Trump said:
“Based on the fact that more than 75 countries have contacted U.S. representatives — including the Departments of Commerce, Treasury, and the U.S. Trade Representative — to negotiate solutions on key issues like trade barriers, tariffs, currency manipulation, and non-monetary tariffs, and given 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 of 10%, effective immediately.”
The announcement marks a pivotal moment in ongoing trade negotiations, with global leaders now closely watching Beijing’s next move.
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Wall Street responded swiftly to President Trump’s unexpected tariff announcement, with major indices posting sharp gains amid renewed investor optimism. The market surge reflects growing confidence in potential trade de-escalation — at least temporarily — as global talks gain momentum.
Trump Slams China with 125% Tariff Increase as Market Reacts to Bombshell Announcement
In a fiery post on Truth Social, President Donald Trump declared an immediate 125% tariff on Chinese imports, citing China’s “lack of respect” for global markets as the driving force behind his decision.
“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump wrote.
He continued, stating that he hoped China would soon realize that their “days of ripping off the U.S.A. and other countries are no longer sustainable or acceptable.” He concluded with a call for China’s attention to the matter.
Trump’s announcement comes after a dramatic reversal, where he paused the heightened reciprocal tariffs on about 60 countries that he had introduced just the week before. This unexpected move triggered an immediate surge in the U.S. stock market, as investors reacted positively to the pause in the ongoing trade tensions.
China had previously announced an 84% tariff on U.S. imports following Trump’s 104% tariff imposition on Chinese goods entering the United States.
In a press conference, White House press secretary Karoline Leavitt explained the decision, stating, “When you punch at the United States of America, President Trump is going to punch back harder.”
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Leavitt: Over 75 Countries Reached Out to Trump for Trade Negotiations, 90-Day Tariff Pause Announced
White House press secretary Karoline Leavitt revealed that more than 75 countries have reached out to President Trump to negotiate a solution to global trade issues, overwhelming the administration with requests.
“In the meantime, there will be a 90-day pause in the reciprocal tariffs as these negotiations continue. The tariff level will be reduced to a universal 10% during this period,” Leavitt announced.
Leavitt also took aim at the media, asserting that they have “failed to understand what President Trump is doing here.”
“You tried to claim that the rest of the world would move closer to China,” she said, “but in reality, you’ve seen the opposite unfold.”
Bessent: Tariff Decision Targets ‘Bad Actors’, Not Just China
Bessent emphasized that the decision to implement the tariff pause was not aimed solely at China, but rather at addressing the actions of “bad actors” in global trade.
He also made it clear that the 10% tariff pause is not a response to market reactions.
“What I am certain of is that what China is doing will impact their economy more than ours,” Bessent said. “The rest of the world now understands this.”