More tariff chaos: Donald Trump pauses tariffs for most countries at the last minute but jacks them up to 125% against China, 'effective immediately,' because of their 'lack of respect'

The ongoing US tariff catastrophe that has made new PC hardware purchases (and a lot more) such an absolute nightmare got even more confusing earlier today as US president Donald Trump announced that he's pausing the imposition of a new round of tariffs for 90 days—except for China, for which he's increased tariffs to 125%, "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%...