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Saturday, 31 May, 2025
Trump pauses most tariffs for 90 days, but keeps 10% in place; increases tariff on China to 125%
Trump pauses most tariffs for 90 days, but keeps 10% in place; increases tariff on China to 125%
US president Donald Trump has ordered a 90-day pause on retaliatory tariffs above the 10% already imposed, except for Chinese goods, with tariffs now at 125% after China retaliated; the EU has also retaliated. Trump may have been fearful over the impact on the US bond market.
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