Countries across the globe will have 90 days to negotiate a trade deal with the U.S., after U.S. President Donald Trump announced a pause in his tariff policy. It will provide reprieve for all countries impacted by Trump's higher trade taxes except China, which now faces a 125% tariff from the U.S.
00:59China has filed a second complaint with the World Trade Organization, telling the international
01:12regulator that the tariffs threatened to destabilize global trade. The country has also attempted to make alliances with other countries, urging Australia to join forces. An offer, Canberra has declined. That's as global markets rebounded after China's
01:19pause tariffs, with Australian and Asian markets tracking gains.
01:26I think everybody's breathing a sigh of relief because it's been extremely chaotic for the last few days.
02:03I think it puts investors in a position where they can hopefully reset, regroup and probably rebalance.
02:12Trump's aides say the 90 day pause will allow world leaders time to bargain with the US. More than 70 countries are in contact with the Trump administration looking to secure a deal.
02:22This was driven by the president's strategy. He and I had a long talk on Sunday and this was his strategy all along. And you might even say that he goaded China into a bad position. They responded. They have shown themselves to the world to be the bad actors. And we are willing to cooperate with our allies and with our trading partners who did not retaliate.
02:29Trump continues to insist China wants to make a deal with the US despite the country vowing to fight until the end.
02:37And that was his strategy all along. And that you might even say that he goaded China into a bad position. They responded. They have shown themselves to the world to be the bad actors. And we are willing to cooperate with our allies and with our trading partners who did not retaliate.
02:52Trump continues to insist China wants to make a deal with the US despite the country vowing to fight until the end.
02:59And with unprecedented levies imposed against each other, the tit for tat measures will continue to have global impacts.
03:06Dolphine Chen and Rosie Greninger for Taiwan Plus.
