EU adopts countermeasures to US tariffs
The European Union has approved the first measures to resp...
President Donald Trump has announced a 90-day pause in higher tariffs for dozens of countries, but is increasing tariffs on China to 125%.
Earlier this month, the US president announced a "base" tariff of 10% for all countries, with higher tariffs for the "worst offenders".
Trump recently declared that the higher tariffs will be suspended for 90 days and instead the "reciprocal tariff" will be 10%.
He also stressed that the rate for China will increase again, to 125%, due to "the lack of respect that China has shown towards world markets."
Earlier, China announced an 84% tariff on US imports after Donald Trump imposed a 104% tariff on Chinese goods entering the US./ CNA
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