Trump's 10% baseline likely to remain; Shanghai finance workers have front-row to turmoil

Washington (AFP) April 10, 2025

US President Donald Trump's 10 percent tariff for almost all countries except China will likely remain in place going forward, his top economic advisor Kevin Hassett said Thursday. A day earlier, Trump announced a 90-day pause on higher tariffs against all countries except China, reversing a policy that had roiled global stock markets and spooked the American bond markets - a key barometer