Reported 8 days ago
President Trump announced a unilateral increase in US tariffs on China to 125% and a 90-day pause on reciprocal tariffs against non-retaliating countries. This decision comes amid escalating trade tensions, with China's tariffs on US goods also rising to 84%. The stock market reacted positively to the tariff pause, with significant gains across major indices, while negotiations with over 75 countries remain ongoing as officials await further communication.
Source: YAHOO