Browsing: 125% levy

Former President Donald Trump claimed that his tariff policy is “doing really well,” following China’s imposition of a 125% levy on U.S. goods. His comments come amid escalating trade tensions, as both nations grapple with the implications for their economies.

In a surprising move, President Trump announced a temporary pause on escalating tariffs, allowing for a 90-day window for negotiations. However, he simultaneously raised China’s levy to an unprecedented 125%, intensifying ongoing trade tensions.