China excluded from Trump’s 90-day pause, tariffs increased to 125%

The volatility in the global stock market continues with U.S. President Donald Trump carousel of tariff measures.

In the face of a economic meltdown Wednesday, President Trump abruptly backed down on his reciprocal tariffs on most nations for 90 days.

However, China was excluded, and the White House zeroed in and raised the tax rate on Chinese imports to 125 percent.

The move appeared to have eased investors as the U.S. markets surged on Wednesday.