Tariff Suspension For 75 Countries, 125% Duty On China
New Delhi, 10th April 2025: US President Donald Trump has announced a 90-day suspension of import duties on goods from most countries, offering temporary relief to global trade. However, China has been excluded from this relief, with a steep 125% tariff imposed on Chinese goods, effective immediately. This move has created waves in international markets, drawing attention to the ongoing trade tensions between the US and China, and raising questions about future trade policies. The decision aims to provide short-term relief while navigating complex geopolitical dynamics.
US President Donald Trump revealed that more than 75 countries successfully negotiated trade agreements with the US and did not retaliate, earning a 90-day relief from tariffs. During this period, a 10% reciprocal tariff will be applied instead of the full duties. However, China remains excluded from this relief, with a 125% tariff imposed on its goods. This move aims to reward nations that have cooperated with the US while continuing to put pressure on China amid ongoing trade tensions.
US President Donald Trump has raised tariffs on Chinese goods from 104% to 125%, citing China’s failure to respect the global market. He stated on Truth Social that “The time that China has exploited America is over,” while hoping China would eventually find a way to resolve the issue. This decision follows pressure from Republican leaders and business groups concerned about a potential global recession. Despite these concerns, Trump stood firm. According to CNN, the move came after warnings from Treasury Secretary Scott Besant about the decline in the US bond market, prompting Trump to take immediate action.
Following the suspension of tariffs, the US stock markets saw a massive surge. The Dow index rose by nearly 2,500 points, the Nasdaq jumped 12.2% to its highest in 24 years, and the S&P 500 gained 6%, reaching 5,281.44 points. Crude oil prices rose by 4%, and the US dollar strengthened. Meanwhile, the news of a 90-day tariff relief for several countries, including India, provided some optimism to the Indian stock market, which had been facing pressure due to the 26% tariff previously imposed by Trump. India’s Foreign Ministry spokesperson, Randhir Jaiswal, confirmed ongoing negotiations between India and the US on a trade agreement, expressing hopes to finalize it soon.
The 90-day suspension of tariffs has provided hope for many countries, including India, which now anticipates a positive outcome from ongoing trade negotiations. As the situation develops, the global markets are closely monitoring the impact of these changes on future trade policies and international relations.
