Brief by Shorts91 Newsdesk / 06:41pm on 09 Apr 2025,Wednesday Business
US President Donald Trump announced a 90-day pause on new tariffs for countries negotiating with the US but imposed a steep 125% tariff on Chinese imports. The move follows China’s decision to impose 84% tariffs on American goods. Trump stated that over 75 countries had approached the US for trade talks, prompting the pause. US Treasury Secretary Scott Bessent emphasized that this decision was for negotiation, not market reaction. China, in response, added six US companies to its unreliable entity list, escalating tensions. The trade war between the two nations continues to intensify. (PC: Reuters)
