China now faces 125% US tariffs in trade war
Most other countries will now have a 90-day pause on higher tariffs
Big Boss Interview · BBC News
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Show Notes
In a dramatic change of policy, US President Donald Trump hikes China tariffs to 125% on goods entering the United States. Most other countries will now see a 90-day pause on higher import taxes.
The pause means a "universal 10%" tariff will be in place for all countries, other than China, the White House said.
Markets soared following the announcement with all three main US indices closing up more than 6%.
Throughout the program, Rahul Tandon will be joined by two guests: Emily Peck, Axios US Markets correspondent in New York, and Han Lin, The Asia Group China Country Director in Shanghai.