Two days ago, talk of a 90-day pause on Donald Trump’s ‘recipricoal tariffs’ was branded ‘fake news’ by the White House. This afternoon, the President has confirmed a 90-day pause on the higher tariff rates on all countries apart from China.

‘Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125 per cent, effective immediately,’ the President shared.