Trump announced a 90-day pause on some tariffs, but many remain in place, while the U.S. tariffs on China will skyrocket.

President Donald Trump announced a 90-day pause on all tariffs except for those against China, which he said would now rise to 125%.

Republican lawmakers exhaled in relief Wednesday after President Donald Trump announced he was pausing most of his sweeping reciprocal tariffs for 90 days. While Trump left a lower, 10 percent global tariff in place and escalated his confrontation with China — upping those duties to 125 percent —Republicans were otherwise pleased with the apparent retreat a week after Trump's Rose Garden announcement threw the financial and political worlds into a frenzy.

China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by U.S. President Donald Trump.

The US and China tariffs keep escalating. The US will impose a cumulative 104 percent tariff on goods imported from China after midnight tonight alongside a host of tariffs on other countries, the White House confirmed to CNBC.

President Donald Trump is set to impose an additional 84% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. That will mean all goods from the country are subject to a tariff of at least 104%.

President Donald Trump announced a complete pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China.

U.S. President Donald Trump said on Tuesday the United States is taking in $2 billion per day from tariffs. He made the comment without providing details during an event at the White House. Trump has imposed an array of tariffs on other countries since taking office in January.

A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.

Stocks staged an enormous rally after Trump announced a tariff pause. The Nasdaq soared 12% for its best day since 2001. The Dow rose 3,000 points.

As his global trade war spun further worldwide chaos on Wednesday, with China and the European Union hitting back and the financial fallout spreading to bond markets, President Donald Trump showed no signs of pulling back.

Stock markets worldwide keep swinging as President Donald Trump’s trade war keeps escalating. Copyright 2025 The Associated Press. All Rights Reserved.

President Donald Trump ditched his traditional MAGA catchphrase to make way for a new slogan: “Make America’s showers great again.” The president on Wednesday signed an executive order rolling back Obama and Biden-era regulations he’s criticized as being responsible for poor water pressure,

Trump signed an executive order Wednesday to remove limitations on water pressure from shower heads and household appliances.

In an executive order, the president directed the Energy Department to rescind a rule limiting water flow in shower heads.

Trump loyalists who sang Trump's praises during the presidential campaign such as Adin Ross, Dave Portnoy and Ben Shapiro, are now speaking out against the Trump administration's tariffs and how the stock market chaos is affecting them.

President Trump unveiled a new tariff regime, including 10% across-the-board tariffs on all imports and even higher rates for some nations. Here’s the latest.

President Donald Trump’s tariffs have tanked the markets, but he’s only just getting started. The White House will soon announce a “major” tariff on pharmaceuticals, Trump said Tuesday night at the National Republican Congressional Committee’s annual dinner in Washington,

The standoff between China and the U.S. is escalating, with China raising its retaliatory tariff on the U.S. to 84 per cent, effective tomorrow. The country had previously said it would impose a 34 per cent levy on its adversary.

President Donald Trump has shared on Truth Social that he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

US President Donald Trump’s sweeping new tariffs have gone into full effect. When Mr Trump announced the latest round of tariffs on April 2, he declared that the US would now tax nearly all of America’s trading partners at a minimum of 10% – and impose steeper rates for countries that he says run trade surpluses with the US.