Urgent Trump announces the suspension of the imposition of customs duties for 90 days

US President Donald Trump announced the suspension of new 90 -day customs tariffs after his commercial war has rocked the global economy.
At the same time, it was announced that it has raised customs tariffs on China to 125%, in an escalation of the retaliatory procedures between the two sides.
Trump said that “he authorized a 90 -day comment, and a significant reduction in mutual tariffs during this period, by 10 %, with the decision to enter into force immediately.”
It was not immediately clear which countries will be applied to suspend tariffs on them. CNN communicates with the White House for more clarifications.
In the same letter, Trump said he raised the American definitions on China while working to bring Beijing to the negotiating table.
The US President wrote in his message: “Based on China’s lack of respect for global markets, the customs imposed by the United States of America on China to 125%, with immediate effectiveness. At some point, we hope in the near future, China will realize that the days of fraud on the United States, and other countries are no longer sustainable or acceptable.”
The stocks increased significantly with this news, as the Dow index rose by 2200 points or 5.9%, the S&P 500 index increased by 6.5%, and the NASDAC index increased by 8%.