#TariffsPause Donald Trump announced a 90-day pause on all "reciprocal" tariffs, which caused a strong rebound in U.S. markets, boosting Asian and European markets. The fear of a disaster in the bond market convinced Trump to hold back. No respite for China: The relief does not extend to China, whose tariffs will increase to at least 145%. But Beijing does not yield: its latest round of retaliatory tariffs of 84% on U.S. products is already in effect.