With the exception of China, Trump suspends the imposition of customs duties for 90 days

US President Donald Trump announced the suspension of new 90 -day customs duties.
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 the suspension of customs duties for a period of 90 days, and a significant reduction in the mutual tariff during this period, by 10%, with the decision immediately.
It was not immediately clear which countries will be applied to suspend tariffs on them.
In the same letter, Trump said he raised the American definitions on China while working to bring Beijing to the negotiating table.

China accusations

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.”

He added: “At some point, we hope in the near future, that China will realize that the days of fraud in the United States and other countries are no longer sustainable or acceptable.”

Stock height

The stocks increased significantly with this news, as the Dow index rose 2200 points or 5.9%, the S & B 500 index increased by 6.5%, and the NASDAC index increased by 8%.