President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, D.C., on April 2, 2025. (BRENDAN SMIALOWSKI/AFP via Getty Images)
Trump, ahead of pausing the reciprocal tariffs, posted to Truth Social, "BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!" and "THIS IS A GREAT TIME TO BUY!!! DJT." The president had previously said he would not pause tariffs but was open to negotiating with other nations.
Trump paused only the higher, customized tariffs he placed on nations that historically installed trade barriers on U.S. goods, with nations across the world instead facing a lower 10% tariff on goods, as the Trump administration and world leaders hash out negotiations for the reciprocal tariffs.
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President Donald Trump is keeping high tariffs in place on China, while putting a 90-day pause on reciprocal tariffs for countries that have said they are open to negotiation. (Andrew Harnik/Getty Images)
"We've had more than 75 countries contact us. And I imagine after today, there will be more. So it is just a processing problem. Each one of these solutions is going to be bespoke. It is going to take some time. And President Trump wants to be personally involved. So, that's why we're getting the 90-day pause," Bessent said during a gaggle with the media outside the White House on Wednesday afternoon.
Trump added on Wednesday that he was watching the volatile bond market, calling it "tricky" and making people a "little queasy," but denied it persuaded him to change course on customized tariffs.
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"I thought that people were jumping a little bit out of line. They were getting yippy. You know, they we're getting a little bit yippy, a little bit afraid, unlike these champions, because we have a big job to do. No other president would have done what I did. … I know the presidents, they wouldn't have done it, and it had to be done," Trump added in his remarks.
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