Higher tariffs that took effect today on 57 trading partners will be paused for 90 days as Donald Trump announces a pause in tariff increases. The 10% basic rate will remain in place.
China, which hit back at the US by imposing a 84% tariff earlier today will now face an additional rise in tariffs which now total 125% on goods from America.
Trump’s pause doesn’t apply to the 25% tariffs he levied on steel and aluminium in March and on cars (autos) on 3 April
