'This is proof Trump has no master plan' | Lewis Goodall reacts to global tariff 'pause'

President Trump has announced that all countries except China will face 10% tariffs - a huge change in White House policy. Lewis Goodall joins Iain Dale to dissect the news.

Stock markets rallied as the news came in that only China would be facing levies higher than 10% from today.

Sharing a statement on Truth Social, the president said: "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%, effective immediately.

"At some point, hopefully in the near future, China will realise that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.

"Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorised a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately."

It comes after he urged markets to 'be cool' as the trade war between him and China escalated.

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