Asian markets celebrate Trump’s trade flip-flop, even as he maintains historically high tariffs—and not just on China
Asian governments breathed a sigh of relief as U.S. President Donald Trump decided to pause many of his reciprocal tariffs for 90 days, giving time for negotiations with many of the U.S.’s major trading partners—with one significant exception. Chinese goods now face a 125% tariff, after Trump hiked rates due to Beijing’s “lack of respect.” … Read more