US President Donald Trump declared a 90-day pause on higher tariffs for trade partners while increasing tariffs on China to 125 per cent. President Trump took this dramatic U-turn just 13 hours after high duties on 56 nations and the European Union took effect, sparking market turmoil and raising fears of a looming global recession.
|Last Updated: Apr 10, 2025, 11:46 AM IST|Source: Bureau