Washington DC/IBNS, April 10 -- Amid a trade war with China, US President Donald Trump on Wednesday announced a 90-day hold on tariffs for all other countries except Beijing.

After the US raised tariffs on China to 104 percent, Beijing retaliated, announcing that it would impose a levy of 84 percent on US imports, up from 34 percent, marking a significant escalation of the tariff trade war between the countries.

The US counter strike was swift, with Trump announcing that he was raising tariffs on China even further- to 125 percent - effective immediately.

For other countries, though, the billionaire also appeared to apply a salve on tariff wounds, announcing a 90-day pause on tariffs over the baseline, universal rate of 10 percent.

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