Trump hits 90-day pause on reciprocal tariffs, but raises China’s to 125%
U.S. President Donald Trump has 'authorized' a pause on some tariffs, he wrote on Truth Social Wednesday, adding he plans to lower the 'Reciprocal Tariff' rate to 10 per cent.
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U.S. President Donald Trump has 'authorized' a pause on some tariffs, he wrote on Truth Social Wednesday, adding he plans to lower the 'Reciprocal Tariff' rate to 10 per cent.
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Oil prices slumped to a four-year low Wednesday in anticipation of slowing economic growth and reduced energy demand, both casualties of a trade war that began after U.S. President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners.
Stock markets in Canada and the U.S. soared after U.S. President Donald Trump posted on social media that he is pausing some tariffs, except for China, which will face higher rates.
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