Donald Trump retaliates China at 125% tariffs while offering 90-days pause for other countries

The US President has announced on Wednesday 9th April 10 2025 to raise “the Tariff charged to China by the United States of America to 125%, effective immediately”, citing “the lack of respect that China has shown to the World’s Markets”.  Conversely, he authorized a 90 day pause during which its reciprocal tariffs staying at 10% for around 75 countries which were willing to negotiate with his government representatives.  Just one hour after Jump’s announcement the Dow Jones responded by shooting upwards over 2.283 points (6.6%). 

Donald Trump announces worldwide reciprocal tariffs effective from 2nd April, but at discounted

In an event, described by the USA President as a Liberation Day, at the Rose Garden, Trump showed to the audience a sheet of discounted reciprocal tariffs applied to the USA’s key trading partners in the world. For countries charging 10% on American goods, the reciprocal rate of 10% is applied; for the ones charging more than 10%, the reciprocal rates are discounted by a half.

Premier of Ontario recedes after Donald Trump threatens to raise tariffs on Canadian steel and aluminum to 50%

Premier of Ontario Doug Ford agreed to suspend its 25% surcharge on exports of electricity to Michigan, New York and Minnesota. He is also pushing talks with USA Secretary of Commerce Howard Lutnick and Trade Representative to discuss a renewed USMCA (United States-Mexico-Canada Agreement). When the Trump Administration applies the reciprocal tariffs on April 2nd, Canada would likely face tariffs not just of 25% but can be 250% - 390% because these are the rates Canada is applying for American farming and diary products.

The USA President intends to apply reciprocal tariffs this 2nd April

In his joint address to American Congress early March 2025, Donald Trump revealed the plan to enforce reciprocal tariffs on April 2nd (he originally wanted it on April 1st but superstitiously tried to avoid the April Fool’ day).  “The European Union, China, Brazil, India, Mexico and Canada and countless other nations charge us tremendously higher tariffs than we charge them. It's very unfair”. After reciprocal tariffs kick in, “whatever they tax us, we will tax them”, he stated.

Port of Los Angeles - the largest seaport in the USA, handling nearly 10 million TEUs each year.

Canada’s Ontario Premier levels up the trade war with the USA into an overall economic war

The Premier of Ontario Province which shares a long border with USA Doug Ford just canceled Elon Musk’s Starlink contract and banned all U.S. companies from government contracts in response to Trump’s imposing new 25% tariffs on Canadian goods. These are additional retaliations from Canada after the Prime Minister announced to implement 25% tariffs against $155 billion of American products.

Canada's Ontario Premier Doug Ford

Donald Trump to impose 25% tariffs on Mexico and Canada to pressure their tightening the control of out-migration to the US

American President-elect Donald Trump announced to sign Executive Orders on his first day at office 20th Jan 2025 to "charge Mexico and Canada a 25% tariff on all products coming to the US", which will remain effective until drug and illegal aliens from these two countries stop flooding into the US. There are reports of a caravan of thousands Mexican immigrants heading to the Mexico-US border to enter the US before Trump taking office. The big influx of illegal immigrants to the US has been facilitated partly by the open-border policy of the Biden-Harris Administration and partly by the home-country governments’ lack of measures to discourage their out-migrants. 

A Mexican Caravan is heading north towards the United States Mexico border, trying to get into America before the borders gets closed on January 20th 2025.

Elon Musk thinks he may be prosecuted if Trump looses

POLIBIZ –  POLIBIZ  - The richest man in the world Elon Musk told independent reporter Tucker Calson in a talk show that the future Harris Administration [if Donald Trump loses the 2024 presidential election] would probably prosecute his company, prosecute him.

Elon Musk kept laughing when talking about the possibility of his being prosecuted if Trump loses the election.

Kamala Harris one her "60 Minutes" Interview: still-in-wonderland perspectives on economic issues

POLIBIZ – In her interview  on a “60 Minutes" election special of CBS, when host Bill Whitaker asked Vice President Kamala Harris how she would fund her economic plan and how she'd get it through Congress, she seemed to provide an answer not coming from a real world.

Keystone XL Oil Sands Pipeline Project was approved by Donald Trump in 2017, but then revoked by Biden-Harris Administration in 2021

The “Spending More Scheme” of Kamala Harris vs the “Earning More Scheme” of Donald Trump

POLIBIZ - Listening to Trump’s economic plan is something like a husband discussing ways to earn more money to bring home; while Harris’ one sounds like a housewife presenting on how to spend her husband’s income wisely to make everybody at home happy.

Fox News Comments on Kamala Harris's Interview with MSNBC Host.

Tax and Tariffs are Key Tools in Trump’s “Manufacturing Renaissance” Plan

POLIBIZ - In his recent rallies in North Carolina and Georgia, Republican presidential candidate Donald J. Trump presented his plans to revive the manufacturing section of the nation, with tools aimed at discouraging domestic companies moving their plants abroad while promoting foreign investors to come. Some of the plans involved “first-ever” initiatives.

Overview of Trump's Rally in North Carolina in 22nd Sept