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Trump Stuns With Tariff Backtrack But Hikes China Rate To 125%

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International Business Times Fews App News Provider
Fews App Post Time 9d ago

The VIX 'fear index' signals US market volatility AFP US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. After days of market turmoil, stocks on Wall Street and across Asia saw huge surges in reaction to Trump's announcement that he was halting a levy hike for almost all nations for 90 days. But Trump also said he was raising tariffs on China to 125 percent because of a "lack of respect.

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