Brief by Shorts91 Newsdesk / 06:40am on 10 Apr 2025,Thursday International
Global financial markets rebounded after US President Donald Trump announced a 90-day pause on new tariffs for countries other than China. The decision helped indices in Japan, Taiwan, and South Korea recover losses, following Wall Street's rally. However, Trump’s 125% tariff hike on Chinese goods took effect, intensifying the trade war. Trump accused Beijing of showing “a lack of respect.” In retaliation, China imposed 84% tariffs on all US imports and vowed not to back down. Trump's universal 10% tariff on other countries remains. Analysts now question how long China can endure such economic pressure amid rising global uncertainty. (PC: Getty Images)
