Trump's tariffs

Trump pauses "reciprocal tariffs" for 90 days, raises China rate to 125%

Trump has paused tariff hikes for most countries for 90 days, keeping a flat 10% rate during that time to allow for new trade deals. However, he raised tariffs on Chinese imports to 125%, citing unfair treatment. China hit back with 84% tariffs on U.S. goods. Markets surged despite fears of a deeper U.S.-China trade war.
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