US stocks surge after White House pauses some tariffs for negotiations
But Trump also raises tariffs on goods from China to at least 125% “effective immediately”.
news
Read More
Donald Trump backs down in global trade war
Washington scraps most tariffs against countries that have not retaliated but increases levies on China
Talks to save British Steel reach crunch point
The government has two days to reach a deal with the plant’s Chinese owners to keep blast furnaces running.
Trump raises tariffs on China to 125% but announces 90-day pause for other countries – business live
US president made the announcement on Truth Social
Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners.
US stocks surge as Trump pauses ‘reciprocal’ tariffs for 90 days
Most countries’ imports face a maximum 10% levy but Trump hits China harder
British Steel prepares to idle one of its two blast furnaces
The move would allow the Chinese-owned steelmaker to prolong production at the remaining furnace at its Scunthorpe site