Thursday, April 10, 2025

Asian shares jump after Trump pauses higher tariffs but hikes rate for China

INTRO: Financial markets in the Asia-Pacific region have jumped hours after US President Donald Trump announced a 90-day pause on most 'reciprocal' tariffs.

However, higher tariffs rates on China remain. President Trump hit Beijing with an even higher levy of 125%, just hours after China announced an 84% tariff on goods imported from the US. Laura Westbrook reports.


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