President Donald Trump said Monday the tariffs against China would "go up substantially higher" than 145% if a longer-term trade deal is not reached before 90 days.

The US and China have agreed to put most tariffs on pause for 90 days, marking a major deescalation in a trade tit-for-tat that has roiled global markets. Treasury Secretary Scott Bessent, who led weekend trade talks for the US delegation,

President Donald Trump announced that China and US had agreed to pause escalating tariffs for 90 days. Florida has its own imports and exports.