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Reason
Reason
Politics
Ilya Somin

Trump Partially Pauses "Liberation Day" Tariffs

United States Donald Trump Lawsuit
President Donald Trump signs two executive orders on April 2 instituting tariffs
President Donald Trump signed two executive orders on April 2 instituting tariffs on a wide range of countries. ( Andrew Leyden/ZUMAPRESS/Newscom)

 

Today, Donald Trump partially paused his massive new "Liberation Day" tariffs. However, a whopping 10% tariff on nearly every nation in the world is still going into effect immediately, along with an enormous increase on tariffs for Chinese goods (up to 125%). And the additional massive "reciprocity" tariffs are only paused for 90 days, not cancelled.

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