A U-Turn on Tariffs

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The Daily

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2025-04-10

28 分钟
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After promising that tariffs against dozens of countries were here to stay, no matter how much they hurt businesses or the stock market, President Trump has abruptly reversed course. But there’s an exception: his levies on China, which he said he would raise to 125 percent. Jonathan Swan, who covers the White House, explains why the president changed his mind, and David Pierson, who covers China, discusses why Beijing won’t back down.
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  • From New York Times, I'm Michael Balbarro.

  • This is The Daily.

  • President Trump says that he is pausing some of the tariffs that took effect overnight.

  • He announced a 90-day pause on most of his new tariffs.

  • After promising that tariffs against dozens of countries were here to stay,

  • no matter how much they hurt businesses or the stock market, President Trump has abruptly reversed course.

  • A universal 10% tariff is in place while country-specific deals come together and sector-specific tariffs remain.

  • It looks like the U.S.

  • has blinked.

  • Except when it comes to China.

  • The president also said that he will raise the tariff on Chinese imports now up to 125%.

  • Today, Jonathan Swan on why the president changed his mind and David Pearson on why China won't back down.