Summary
- President Trump stated that he approved a temporary freeze on tariffs for some countries due to people's fear.
- The tariff freeze is applied for 90 days to countries that do not retaliate against the U.S., with a reciprocal tariff rate set at 10%.
- China is excluded from this tariff freeze and is subject to a 125% tariff rate.
On the 9th (local time), U.S. President Donald Trump said, "I approved a temporary freeze on tariffs because people are afraid," reported Walter Bloomberg.
Previously, Trump announced that he would freeze tariffs for 90 days on countries that do not retaliate against U.S. tariffs and apply a reciprocal tariff rate of 10%.
China is excluded from this tariff freeze, and a tariff rate of 125% is applied to China.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
