U.S. President Donald J. Trump announced earlier in a post on Truth Social, that he has authorized a “90-Day Pause” for all of the recently announced reciprocal tariffs on countries across the world, except China. Stating that “Based on the lack of respect China has shown to the World’s Markets” and likely in response to today’s 84% retaliatory tariffs announced by China against U.S. imports, the U.S. will be increasing it’s 104% tariff on China which went into effect at 12:01am EDT last night, to 125%.