President Trump has announced a three-month pause on reciprocal tariffs, excluding China, with the goal of securing fair trade agreements for all. The US Treasury Secretary indicated this pause is intended to facilitate negotiations for new trade deals.

Trump emphasized his desire for fair deals, stating that past agreements have been unfair to the United States. He also mentioned an increase in tariff rates for China, following Beijing’s announcement of additional tariffs.

According to Trump, the three-month pause on reciprocal tariffs excluding China is intended to give time for negotiations on new trade agreements.

Trump also asserted that other countries have been taking advantage of the United States for decades, although specific countries were not named.