President Donald Trump has announced a 90-day suspension of his tariff plan for all trade partners that have not taken retaliatory measures against the United States.
In a post on X just before 1:30 p.m. Wednesday, Trump wrote:
“Based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!”
Editorial & Legal Practice Group
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