Trump pauses tariff hikes for 90 days against most countries, hikes China rate to 125%

President Trump announced Tuesday that his heightened “reciprocal” tariff scheme was being paused for 90 days in response to overtures from dozens of countries — but duties on Chinese imports would be heightened to 125% due to a “lack of respect” from Beijing. “Based on the fact that more than 75 Countries have called Representatives…