Live Update 
From the Liveblog of
Wednesday, April 9, 2025
From the Liveblog of
Wednesday, April 9, 2025
US Treasury chief says 10% duty on all imports to remain in place amid pause on ‘reciprocal’ tariffs
Treasury Secretary Scott Bessent tells reporters that Trump is pausing his so-called ‘reciprocal’ tariffs on most of the country’s biggest trading partners, but maintaining his 10% tariff on nearly all global imports.
It’s seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to one between the US and China.
“This was his strategy all along, and you might even say that he goaded China into a bad position,” Bessent also says after Trump’s abrupt backtrack.
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