SINGAPORE (ICIS)–Asian chemical shares soared on Thursday after US President Donald Trump announced a 90-day pause for countries hit by higher tariffs.
However, the trade war with China has escalated after Trump at the same time increased tariffs on goods from China to 125%, accusing Beijing of a “lack of respect” after it retaliated by saying it would impose tariffs of 84% on US imports set to begin on Thursday.
Trump had previously imposed 104% tariffs on Chinese imports.
Published by: www.icis.com
Nurluqman Suratman
10-Apr-2025
