China’s 84% tariffs on US products comes into force amid market relief after Trump suspends steep reciprocal tariffs elsewhere
Business live – latest updates
Donald Trump’s trade war with China entered a new phase on Thursday, as Beijing’s 84% retaliatory tariffs came into effect hours after the US president announced a pause of steep reciprocal tariffs on dozens of countries except China.
Markets rebounded after Trump’s announcement of the sudden pause, after the most volatile episode in financial markets since the pandemic.
About Author
More Stories
Anthony Albanese reveals new cabinet with Tanya Plibersek named as minister for social services
Norway hands over Arctic Council intact after ‘difficult’ term as chair
Nurse who treated Joel Cauchi for schizophrenia threw up when told about Bondi Junction stabbings, inquest hears