US President Donald Trump has lifted tariffs on Chinese imports to 125 per cent while reducing levies to 10 per cent for almost all countries. The University of Michigan’s Justin Wolfers says a new trade war between Beijing and China could benefit Australian consumers but a Chinese economic downturn could negatively impact the Australian economy. Subscribe: ab.co/1svxLVE Read more here: www.abc.net.au/news/2025-04-10/donald-trump-announces-90-day-pause-on-reciprocal-tariffs/105158842 ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: ab.co/2lNeBn2 Like ABC News on Facebook: facebook.com/abcnews.au Follow ABC News on Instagram: instagram.com/abcnews_au Follow ABC News on X (Twitter): twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia #abcnewschannel

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