India, April 9 -- US President Donald Trump on Wednesday announced that he would raise the tariff on Chinese imports to 125 per cent from 104 per cent. The newer range of tariffs will come into effect at midnight.

"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%, effective immediately," Trump wrote on Truth Social.

Along with the raised tariffs for Beijing, President Trump also announced a 90-day pause on duties for most countries, except China. The announcement came after the global economy appeared to be in open rebellion against Trump's tariffs.

"I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Ta...