President Trump looks in the Oval Office of the White House on Wednesday. Photo: Saul Loeb/AFP via Getty Images
President Trump said his sudden announcement to pause hard-hitting tariffs except on Chinese imports the day they took effect on Wednesday happened after he’d been thinking about the matter “for a few days.”
The big picture: Trump said his decision to suspend all but 10% baseline tariffs while hiking China levies to 125%, which caught Republicans off-guard, “probably came together early this morning” after he discussed the matter with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent.
- Lutnick said on X Wednesday that he and Bessent “sat with the President while he wrote one of the most extraordinary Truth posts of his Presidency,” in announcing the pause.
Zoom in: Trump told reporters at the White House that they “just wrote it up” with no access to lawyers.
- “We wrote it up from our hearts, right? It was written from the heart and I think it was well written, too,” he said.
- “We don’t want to hurt countries that don’t need to be hurt, and they all want to negotiate. The only problem is, you know, you can only do so many at one time,” he added.
- “We want to get it right; we want to take care of them, but we have to take care of our country so… But this was something certainly, we’ve been talking about for a period of time and we decided to pull the trigger today, and we’re happy about it.”
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