Trump Tariff Twist: 90-day Pause But More Pressure On China

US President Donald Trump unexpectedly retreated on Wednesday in his international trade conflict, implementing a 90-day pause for most nations-but imposing additional tariffs on China , escalating the confrontation between the two largest global economies.

After days of turmoil in global markets, Wall Street experienced a strong rebound following Trumps declaration.

The only remaining measure is a flat rate of 10 percent tariffs on all countries, which began on Saturday. This represents a remarkable shift from the more severe tariffs that had affected many of the USs closest allies.

Trump accused China of still ripping off the United States.

Due to the lack of respect that China has demonstrated towards the Worlds Markets, I am hereby increasing the tariff imposed by the United States of America on China to 125 percent, effective immediately, Trump said.