Lili Pike and Christina Lu
In a Truth Social post on Wednesday, U.S. President Donald Trump paused the global trade war he launched last week, giving nearly every country a 90-day reprieve on the new, higher U.S. tariffs that had gone into effect just hours earlier. But one country was left out.
China, Trump said, would see its tariff rate shoot up to 125 percent, due to the “lack of respect that China has shown to the World’s Markets,” while all other countries received an amended 10 percent tariff rate. The new tariff hike on China is the third round in less than a week—a rapid escalation that experts say may take much longer to reverse.a
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