trade

Trump Pauses Most Tariffs 90 Days; US-China Rate Hits 145%

| Recession Risk

One week after Liberation Day, Trump paused most reciprocal tariffs for 90 days to allow negotiations — except for China. China had retaliated with 84% tariffs on US goods, and the US responded by raising the China tariff rate to 145%. The US-China effective tariff rate reached 145% — levels not seen between the two powers in the modern era, effectively functionally decoupling major trade flows.