President Donald Trump paused reciprocal tariffs on 75 countries for 90 days, starting Wednesday, April 9.

According to The Associated Press, Trump imposed reciprocal tariffs, defined as a tax restriction that one country places on another in response to similar actions taken by another country, and has decided to raise tax rates on Chinese imports to 125%.

Originally, tariffs took effect after midnight on April 9, including a 104% increase on Chinese products, 20% increase on the European Union, 24% increase on Japan and 25% increase on South Korea.

“Markets more broadly, not just the Treasury market, are looking for signs that a trade de-escalation is coming. Absent any de-escalation, it’s going to be difficult for markets to stabilize,” Head of U.S. Rates Strategy at TD Securities, Gennadiy Goldberg said.

President Trump said on Truth Social, a Trump-owned social media platform, that U.S. citizens should not worry about the current state of the economy.-

“THIS IS A GREAT TIME TO BUY!!!” Trump wrote. “BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!”

According to Trump’s post, “more than 75 countries” have reached out to the U.S. government for trade talks and have not retaliated.

“I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump wrote.

According to the AP, while presidents often receive undue credit or blame for effects on the U.S. economy, Trump has had a large influence over commerce due to imposing tariffs.

Several countries, according to NBC News, including China, Canada and the EU have imposed taxes on goods from the United States in retaliation.

According to CNN Business, the Trump administration is looking to set tariffs on copper, lumber and computer chip industries.