Trump Announces 90-Day Tariff Pause For Over 75 Countries

WASHINGTON, April 10 (Bernama-Anadolu) -- United States (US) President Donald Trump said Wednesday that he had been considering a 90-day delay in elevated reciprocal tariffs with the country’s trading partners "over the last few days", citing diplomatic engagement and goodwill as factors behind the move.

“I’ve been thinking about it. I’ve been dealing with Scott, with Howard, with some other people who are very professional … and I think it probably came together early this morning. Just wrote it up,” he said, referring to Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.

“It was written from the heart, and I think it was well-written too. It was written as something positive for the world and for us.

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“We don’t want to hurt countries that don’t need to be hurt -- and they all want to negotiate,” he added, Anadolu Ajansi (AA) reported.

The announcement came on the same day the president increased US tariffs on Chinese imports to 125 per cent.

Simultaneously, more than 75 countries were granted a 90-day reprieve from a separate deadline that would have subjected them to tariffs exceeding the 10 per cent baseline, with some facing significantly higher rates.

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In a post on his Truth Social platform, Trump said the delay was prompted by outreach from affected nations aiming to “negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non-Monetary Tariffs.”

He noted the countries had not retaliated “in any way, shape, or form against the US.”

Markets responded with a historic rally following the decision, with the tech-heavy Nasdaq closing up more than 12 per cent, and the Dow gaining over 7.8 per cent after a week of steep losses.

-- BERNAMA-ANADOLU