Trade war escalates: Trump hikes China tariffs to 125%, pauses others for 90 days

Apple's stock has regained some of its losses after the announcement of a 90-day pause on some new tariffs, while the tariff on imports from China to the U.S. has been jacked up to 125%.Tim Cook (left) and President TrumpFollowing the introduction of a 104% tariff rate against China and further retaliation from China, Apple's stock was bracing for another day of turbulence on the market. However, after an announcement of a tariff pause, Apple's been given a bit of a reprieve.In an announcement on Wednesday, President Donald Trump confirmed that he had authorized a 90-day pause on new tariffs against most countries the U.S. deals with. At the same time, there is also a lowering of the reciprocal tariff to 10% for the period. Continue Reading on AppleInsider | Discuss on our Forums