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Trump Pauses Tariffs for 90 Days, Excludes China; Indian Shrimp Exports Surge

15 posts • GPT (4o)

Updated Apr 14, 2025, 03:39 PM

U.S. President Donald Trump announced on April 9 a 90-day suspension of additional tariffs on imports from numerous countries, excluding China, which continues to face a 145% tariff. The pause reduces tariffs to a baseline of 10% for other nations. The decision followed significant turmoil in U.S. bond markets, with rising yields and recession concerns reportedly pressuring the administration to ease trade tensions. Analysts noted that the volatility in financial markets played a critical role in prompting the tariff suspension. Indian shrimp exporters, whose exports to the U.S. were valued at $2.7 billion last fiscal year, are preparing to ship 35,000-40,000 tonnes during the tariff pause. Freight rates are expected to rise by double digits due to increased demand for container space. French Economy Minister Éric Lombard described the suspension as an indication of a potential negotiation window but stressed the importance of Europe maintaining pressure on the U.S. to secure fair trade agreements. The pause provides a temporary reprieve but leaves unresolved issues in global trade dynamics.

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#Donald Trump #China #French Economy #Éric Lombard #Europe

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Sources

theprint.in(2)cnbctv18.com(2)bfmtv.com(2)leparisien.fr(2)

National Post

@nationalpost

Posthaste: Stressed-out bond markets forced Trump into tariff U-turn. Could it happen again? https://t.co/kees5vmUto

ThePrintIndia

@ThePrintIndia

'Trump’s 90-day tariff pause is India’s chance to strike while the iron is hot', writes Meenakashi Lekhi @M_Lekhi, BJP leader, lawyer, and social activist #Forthwrite #ThePrintOpinion https://t.co/gaOqaiTzPp