Trump raises China tariffs to 125%, pauses those on most other nations for 90 days
Amid a global market meltdown, US President Donald Trump announced a further tariff hike on imports from China – to 125 per cent – on Wednesday, while placing a 90-day pause on punitive levies aimed at most other nations. Markets surged on the news, with the benchmark S&P 500 index rising almost 10 per cent…