$USDC US tariff pause: Trump tries to unite the
world against China, calm stock markets
60%
Was it about isolating China or calming the
markets? Or both?
Whatever the case, President Donald
Trump stunned the world with his abrupt
decision to escalate the trade war against
America's biggest rival and postpone the
high tariffs imposed on allies.
And Chinese President he insisted, would
come to the negotiating table.
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In swift retribution against China's
decision to match in kind the tariffs
imposed by the US, Trump announced on
April 9 that China's tariff rate had been
increased to a total of 125 per cent.
At the same time, he issued a 90-day
pause in the implementation of reciprocal
tariffs that had been applied on trade
partners with which the US has trade
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