Trump says he will pause tariff hikes for 90 days
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US President Donald Trump on Wednesday announced a 90-day pause on higher-band tariffs with the exception of China, imposing a 125% tariff on Chinese goods.
From BBC
It is now clear, with his sweeping “Liberation Day” tariffs, that Trump wants to reshape global trade and economics around an American tribute system centered on him.
From The Washington Post
U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy.
From The Washington Post
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President Donald Trump announced a 90-day pause on all tariffs except for those against China, which he said would now rise to 125%.
The Dow logged its biggest gain since 2020 Wednesday following President Donald Trump's announcement that a 90-day pause would be put on some tarrifs.
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The president put a 90-day pause on higher import duties for dozens of countries, but hiked levies on China to 125%.
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