China has slapped retaliatory tariffs of 84% on all US imports, deepening a trade war between Beijing and Washington.
It comes as Trump had earlier put a 104% tariff on Chinese goods - but later raised this to 125%, citing a "lack of respect" from China.
However, Trump has paused higher tariffs on other countries, though a "universal 10%" levy will be in place.
Financial markets in Asia jumped following news of the reprieve, with one expert saying the region is 'breathing a massive sigh of relief.
In the US, Wall Street made historic gains on Wednesday following days of economic turmoil.
Speaking at a Nascar event at the White House, Trump maintains that "fair deals" will be made with China and every other country.
Source: BBC
