Financial markets across Asia saw gains following U.S. President Donald Trump's announcement of a 90-day pause on tariffs for several countries. 

However, the trade war between China and the US continues to escalate, with Trump raising tariffs on Chinese imports to 125%, citing a "lack of respect."

In retaliation, China has implemented an 84% tariff on all U.S. imports, reaffirming its stance not to yield to Trump's demands. 

Meanwhile, Trump's 10% tariff on other countries remains unaffected by the pause.

In the US, Wall Street rebounded with historic gains on Wednesday, recovering from recent economic instability. 

Speaking at a Nascar event at the White House, Trump reiterated his commitment to securing "fair deals" with China and other nations.

Source: BBC

BDST: 1212 HRS, APR 10, 2025
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