In a dramatic change of policy, just hours after levies against roughly 60 of America's trading partners came into effect, US President Donald Trump made a tariff u-turn.
Trump authorised a 90-day pause in the higher tariffs for most countries he announced last week - while maintaining a 10% baseline tariff across the board.
But at the same time,Trump raised tariff rates on China to 125% after Beijing imposed additional retaliatory tariffs on US goods.
On this episode of Morning Shot, Casey Mace, Chargé d’Affaires at the US Embassy in Singapore shares his insights.
Presented by: Emaad Akhtar & Audrey Siek
Produced by: Yeo Kai Ting (ykaiting@sph.com.sg)
Photo credits: Anna Moneymaker/Getty Images
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Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek