Trump announces 90-day tariff pause for most nations but hikes them for China
Donald Trump’s latest move has sent markets surging (Pool via AP)
Facing a global market meltdown, US President Donald Trump has abruptly backed off his tariffs on most nations for 90 days even as he further increased the tax rate on Chinese imports to 125%.
It was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to a showdown between the US and China.
