Namibia: US pauses higher tariffs for most countries after market havoc, but hits China harder

President Donald Trump has announced a 90-day pause for countries hit by higher US tariffs but a trade war with China has escalated.

In a dramatic change of policy, just hours after levies against roughly 60 of America’s trading partners kicked in, Trump said he was authorising a universal “lowered reciprocal tariff of 10%” as negotiations continued.

At the same time he increased tariffs on goods from China to 125%, accusing Beijing of a “lack of respect” after it retaliated…