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HomeWorldTrump hits 90-day 'pause' on 'Liberation Day' tariffs; 125% levy on Chinese...

Trump hits 90-day ‘pause’ on ‘Liberation Day’ tariffs; 125% levy on Chinese imports to remain

Trump's new trade barriers have hammered markets, raised the odds of recession and prompted retaliatory responses from China and the European Union.

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Washington: U.S. President Donald Trump said on Wednesday he authorized a 90-day pause as part of his tariff plan but was also raising the tariff rate for China to 125%, effective immediately.

(Reporting by Susan Heavey and Ryan Patrick Jones; Writing by Ismail Shakil; Editing by Doina Chiacu and Chris Reese)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.


Also Read: How is China reacting to Trump’s trade war? With comedy, of course


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