Trump Raises Tariffs On China To 125% But Pauses Them For Others

By Taejun Kang

U.S. President Donald Trump announced a 90-day pause on ‘reciprocal’ tariffs for many countries, with the exception of those against China, which he raised to 125%, just hours after Beijing hiked its retaliatory tariffs against the United States to 84%.

Stocks rallied sharply on the news on Wednesday, as...