Trump insists ‘China wants to make a deal’ as 90-day tariff pause for most countries sparks market surge – business live
US president raised tariffs on China to 125%; Trump says people were getting ‘a little bit afraid’ and suggests he could exempt hard-hit companies on instinct
- Trump pauses plans to hike US tariffs on most countries except China
- Trump says ‘I know what I’m doing’ before pausing tariffs
Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners. Continue reading...
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