President Donald Trump hikes China tariffs to 125% while pausing higher import taxes on most other countries for 90 days.
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 clo more than 6%.
Throughout the program, Rahul Tandon will be ed by two guests: Emily Peck, Axios US Markets correspondent in New York, and Han Lin, The Asia Group China Country Director in Shanghai.
