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Trump Hoping for 'Good Deals' Before 90-Day Pause Ends

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For weeks, President Donald Trump has plowed ahead with plans to impose steep new tariffs on imports despite warnings that the policy could trigger economic chaos. On April 9, after a multiday plunge in global stock markets, he changed course.
In a social media post, Trump said that a set of tariffs on imports from many of America’s largest trading partners had been paused. The announcement came only 13 hours after the duties had gone into effect. Trump indicated that turmoil in the financial markets following the implementation of the tariffs played a role in his decision.
Trump announced a 90-day pause on what the administration has termed “reciprocal” tariffs on imports from almost 60 countries and the European Union. The tariff levels were customized to each trading partner and corresponded to the size of their trade surplus with the US.
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Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
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In a social media post, Trump said that a set of tariffs on imports from many of America’s largest trading partners had been paused. The announcement came only 13 hours after the duties had gone into effect. Trump indicated that turmoil in the financial markets following the implementation of the tariffs played a role in his decision.
Trump announced a 90-day pause on what the administration has termed “reciprocal” tariffs on imports from almost 60 countries and the European Union. The tariff levels were customized to each trading partner and corresponded to the size of their trade surplus with the US.
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Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
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