#SecureYourAssets In the midst of a trade war with China, U.S. President Donald Trump announced on Wednesday a 90-day suspension of tariffs for all other countries except Beijing.

After the United States raised tariffs on China to 104%, Beijing responded by announcing it would impose an 84% levy on U.S. imports, up from 34%, marking a significant escalation of the tariff trade war between the two countries.

The U.S. response was swift: Trump announced he would further increase tariffs on China to 125%, effective immediately.

However, for other countries, the billionaire also seemed to apply a balm to the tariff wounds by announcing a 90-day pause on tariffs above the universal base rate of 10%.