#TariffsPause A major trade update:

US President Donald Trump paused tariffs on many countries for 90 days, but increased tariffs on China to 125%, citing China's "lack of respect" for global markets.¹

Here's a brief summary:

- 90-day tariff pause on many trading partners

- Tariffs increased on China to 125%, up from 104%

- Decision made due to China's retaliation and lack of cooperation

- Markets reacted positively to the partial pause, with US stocks skyrocketing