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Home Agribusiness The Latest: Treasury secretary says Trump will keep 10% import tariff, raise...

The Latest: Treasury secretary says Trump will keep 10% import tariff, raise import tax on China

April 9, 2025

By The Associated Press President Donald Trump shared on Truth Social that he has “ authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.” Trump also raised the tax rate on Chinese imports to 125%.Treasury Secretary Scott Bessent told reporters that the pause was not a result of…

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