India, April 9 -- President Donald Trump on Wednesday announced a complete pause of all 'reciprocal' tariffs that went into effect at midnight, except China. Tariffs on Beijing will be increased to 125% from 104%, he said.

In a Truth Social post, Trump said he has 'authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately'.

"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. At some point, hopefully, in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptab...