Trump pauses tariffs hike

US PRESIDENT Donald Trump has announced a 90-day pause on tariffs, but has escalated his trade war with China.

- BY SE-ANN RALL

Trump's latest move sees all countries slapped with a 10 percent baseline, except for China, which will see even higher tariff levies.

In a post on Truth Social, Trump noted that China had shown a lack of respect to the world's markets.

He shared: "I am hereby raising the tariff charged to China by the United States of America to 125 percent, effective immediately.

"At some point, hopefully in the near future, China will realize that the days of ripping off the USA and other countries, is no longer sustainable or acceptable.