Trump tariffs live updates: China tariffs on US goods take effect and Asian markets rebound after Trump reversal

BBC News

President Trump expressed optimism for the future, stating “What a day, but more great days coming!!!” before midnight in Washington. He recently decided to pause tariffs, avoiding a global trade war. China retaliated with an 84% levy on US goods, while Trump increased tariffs on Chinese goods to 125%. China filed a lawsuit against the US with the WTO. Stock markets in Asia reacted positively to the news.
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