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Why Did Donald Trump Increase US Tariffs On China To 125% And Pause Others?
US President Donald Trump declared a 90-day pause on higher tariffs for trade partners while increasing tariffs on China to 125 per cent. President Trump took this dramatic U-turn just 13 hours after high duties on 56 nations and the European Union took effect, sparking market turmoil and raising fears of a looming global recession.
US President Donald Trump declared a 90-day pause on higher tariffs for trade partners while increasing tariffs on China to 125 per cent. President Trump took this dramatic U-turn just 13 hours after high duties on 56 nations and the European Union took effect, sparking market turmoil and raising fears of a looming global recession.
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