$BTC Trump tariffs live updates: Stocks surge after 90-day pause announced for most countries

Trump said the pause will apply to more than 75 countries but not China. Tariffs on Chinese goods will now rise to 125%.

President Donald Trump announced a 90-day pause on tariffs for more than 75 trading partners that did not retaliate after his sweeping duties went into effect. China, which placed steep retaliatory tariffs on U.S. goods, will now come under an even larger hike in levies on its products, totaling 125%.

Treasury Secretary Scott Bessent said afterward that the tariffs announced a week ago served as a way to get countries to come to the negotiating table.