US pauses higher tariffs for most countries but hits China harder

Trump authorises a "lowered reciprocal tariff of 10%" for most countries, except China, while negotiations continue.

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In a dramatic change of policy, just hours after levies against roughly 60 of America's trading partners kicked in, Trump said he was authorising a universal "lowered reciprocal tariff of 10%" as negotiations continued.

At the same time he increased tariffs on goods from China to 125%, accusing Beijing of a "lack of respect" after it retaliated by saying it would impose tariffs of 84% on US imports.

This comes a week after Trump announced import taxes on all goods entering the US, in the biggest upheaval of international trade in decades.

His plan set a baseline tariff of 10% on all imports - which remains in place - but also higher rates on partners the White House described as the "worst offenders" for what the president considers to be unfair trade practices.

https://www.bbc.com/news/articles/c5y66qe404po

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