America's new tariff policy "could end up making China great again," said The Economist. The fallout from Trump's announcement is "creating opportunities to redraw the geopolitical map of Asia in China's favor.

U.S. President Donald Trump's stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on Thursday even as he ratcheted up a trade war with the world's No.

China and the European Union earlier had unveiled stiff retaliation levies on the U.S. aimed at countering Trump's tariff blitz.