Trump Halts 'Reciprocal' Tariffs for 90 Days, But Raises Chinese Tariffs to 125%
President Donald Trump announced a 90-day suspension on all "reciprocal" tariffs, which went into effect at midnight Washington time, with one exception: China. While the rest of the world will temporarily reduce tariffs to 10%, Beijing will see its U.S. tariffs increase to 125%, up from the current 104%. "In light of China's disrespect for world markets, I am increasing...