The United States announces tariff exemptions for thousands of products
On April 9, 2025, President Donald Trump announced a 90-day pause on increased import tariffs for most countries to facilitate trade negotiations. This pause affects reciprocal tariffs for 57 trading partners, including the European Union, Japan, and South Korea, reverting their tariff rates to 10%. However, higher tariffs on Chinese imports have been escalated to 125% in response to China's retaliatory measures. 3Reuters+3 4卫报
The administration has acknowledged that certain U.S. companies are disproportionately impacted by these tariffs due to the specific nature of their businesses. President Trump stated that his administration is open to reviewing such cases and will evaluate which companies merit consideration for relief from the tariffs. WSJ
These developments reflect a dynamic and evolving trade policy landscape, with ongoing assessments and adjustments to tariff measures as negotiations progress.Reuters
