Trump pauses higher duties on most nations, hikes China rate
China charged 125% reciprocal tariff while other nations get 90-day reprieve
President Donald Trump said he would pause higher reciprocal tariffs for 90 days on dozens of trade partners, while raising duties on China to 125%. The president’s about-face comes roughly 13 hours after higher reciprocal duties on 56 nations and the European Union went into effect, a move that fueled market turmoil and stoked recession […]
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