Trump pauses plans to hike US tariffs on most countries except China
by Callum Jones in New York, Jennifer Rankin in Bruss from US news | The Guardian on (#6WGSB)
Trump says he will raise US tariffs on Chinese exports to 125% and unveils 90-day pause for other countries
Donald Trump shelved plans to hike tariffs on most countries except China, unveiling a 90-day pause and pulling back from his global trade war after days of market turmoil and warnings of recession.
After insisting for days that he would hold firm on his aggressive trade strategy, Trump announced that all countries that had not retaliated against US tariffs would receive a reprieve - and only face a blanket US tariff of 10% - until July.
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