Trump says tariff letters to 12 countries signed, going out Monday

[BumRushDaShow]

7. I think because they are referencing the multiple E.O.s and "Liberation Day" actions

I.e., the original E.O. was signed April 2 for 10% overall tariff, which was then amended April 5 for China, and then had an anticipated "effective date" of higher tariffs (plus reciprocal) for April 9, which was "postponed" until next week.

So the "pause" was on the reciprocal piece.

Trump Authorizes 90-Day Pause on Reciprocal Tariffs

Story by Dean Seal • 2mo



President Trump said he has authorized a 90-day pause on reciprocal tariffs for all trading partners except China, sparking a broad-based market rally due to the temporary reprieve from the trade war.

The president said Wednesday afternoon on his Truth Social platform that reciprocal tariffs will also be lowered to 10%, effective immediately. That won’t be the case for China, which now faces a 125% tariff, Trump said.

Markets surged quickly after the announcement was made. The S&P 500 jumped 7.2%, Dow Industrials were up 6.1% and the Nasdaq climbed 9.2%.

Trump said his decision to pause the tariffs was based on the fact that more than 75 countries have engaged with representatives of his administration to open negotiations regarding trade, trade barriers, tariffs, currency manipulation and other matters. He said that those companies also had not retaliated to earlier tariffs that Trump had threatened.

(snip)

(had found a msn version of the original paywalled WSJ article)

We know that AFTER that initial "freeze", there were "deals" and other sets of mixed tariffs that were imposed or removed "by proclamation" (e.g., China was originally assessed up to 145% tariff and then that was dropped, Canada had a new steel/aluminum one imposed and then dropped, etc), leading up to this latest July 9th deadline.