On Wednesday, President Trump raised tariffs on China to 125 percent and implemented a 90-day pause on reciprocal tariffs against all other trading partners, causing a major surge in the markets.
“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump posted on his Truth Social media platform.
Trump’s decision to pause the higher reciprocal tariffs that he announced last week, which hit about 60 countries on Wednesday morning, caused an immediate market surge.
Moments after his social media post, the Dow Jones Industrial Average rising by 2,000 points after days of major losses on Wall Street.
This is a breaking news story. Please check back for updates.
