Trump pauses tariffs for some countries as he ramps up China trade war

A week after announcing his Liberation Day tariffs and causing global market chaos, US President Donald Trump has done a 180.

He has announced on social media that he has paused tariffs against 75 countries for 90 days – but has doubled down on a trade war with China, announcing a 125% tariffs on goods from the country.

US stocks rocketed higher after the declaration – the S&P 500 posted its best day since 2008, and the Nasdaq its best since 2001.

So what's behind the sudden backtrack, and what could all of this mean for New Zealand?

Today on The Front Page for this bonus episode, we’re joined once again by NZ Herald business editor at large Liam Dann.

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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

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