Trump tariff pause sends markets soaring, with S&P 500 seeing one of biggest days since second world war – business live
Trump insists ‘China wants to make a deal’ after raising tariffs to 125% while as 90-day tariff pause for most countries sparks market surge
- 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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