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| ▲ This file photo, released by Reuters, shows U.S. President Donald Trump meeting with Israeli Prime Minister Benjamin Netanyahu in the Oval Office at the White House in Washington on April 7, 2025. (Yonhap) |
Trump-tariffs
Trump imposes lowered 10 pct reciprocal tariffs on S. Korea, others for 90 days, 125 pct duties on China
By Song Sang-ho
WASHINGTON, April 9 (Yonhap) -- U.S. President Donald Trump on Wednesday announced lowered 10 percent "reciprocal" tariffs on South Korea and other trading partners for 90 days, while increasing duties on China to 125 percent following China's retaliatory move.
In a social media post, Trump made the announcement as reciprocal tariffs went into effect on the day when countries have been striving to negotiate deals with the United States over new levies. Last week, his administration unveiled 25 percent tariffs on South Korea and 24 percent on Japan, to name a few.
"I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," Trump wrote on Truth Social.
He said he made the decision based on the fact that more than 75 countries have reached out to U.S. representatives, including the Department of Commerce, the Department of the Treasury and the U.S. Trade Representative for negotiations, and that these countries have not retaliated against new U.S. tariffs.
Trump reiterated his strong message against China, as Beijing announced a plan to raise tariffs on U.S. goods to 84 percent in a retaliatory move.
"Based on the lack of respect that China has shown to the World's Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," Trump said.
"At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable."
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