Trump backs down on tariffs with a 90-day pause, but raises tax rate on China to 125%

President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days.‍

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Stocks surge after Trump announces 90-day pause on tariffs but raises taxes on China Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%. Read more

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