President Donald Trump speaks during an event with auto racing champions at the South Portico of the White House Wednesday, April 9, 2025, in Washington. President Donald Trump, in apparent response to a worldwide market crisis,on Wednesday announced that he would temporarily suspend tariffs on most countries for a period of 90 days, while simultaneously increasing the tax rate on Chinese imports to 125%. Scott Bessent, Treasury Secretary, explained that Trump was halting his so-called ‘reciprocal’ tariffs on many of the nation’s key trading partners, but would keep a 10%…
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