Global stock markets surged on Thursday following Donald Trump’s decision to pause tariffs for 90 days in a stunning reversal. US stock indexes soared after the US president’s turnabout on Wednesday night, which came less than 24 hours after steep new tariffs kicked in for most trading partners.

Trump kept the pressure on China and immediately hiked the tariff on Chinese imports to 125% from the 104% level that kicked in on Wednesday. In a tit-for-tat tariff escalation, China slapped on an 84% duty on U.S. imports on Wednesday.

KXAN spoke with shoppers and businesses in China Town in north Austin. It’s a center with more than 35 Asian restaurants and shops. It’s been a cultural hub for many Asian businesses for nearly two decades,

As markets tumble and fears grow over a global trade war in response to President Trump's tariffs, he has advised Americans to "be strong" and "hang tough."

Asked about how the tariff plan was decided - and who was involved in those negotiations - Leavitt says the plan was discussed by the entire trade advisors team over many meetings. Speaking at a Nascar event at the White House,

U.S. President Donald Trump's sudden about-face on sweeping import tariffs did little to soothe companies' worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains.

The US is now making nice – or at least nicer - with nations that had faced their retaliatory trade fire, writes.

Democrat leaders are demanding an investigation into whether Donald Trump engaged in insider trading in the hours before he announced a reversal of his tariff policy.