It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.

Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs, or taxes on imports from other countries, that he says will free the U.S. from a reliance on foreign goods.

President Donald Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.

Canadian Prime Minister Mark Carney said Wednesday that negotiations with President Trump on the U.S.-Canada economic and security relationships will start after the Canadian federal election. “The pause on reciprocal tariffs announced by President Trump is a welcome reprieve for the global economy,

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."

President Donald Trump has announced that countries subject to reciprocal tariffs will have a lowered 10% rate for 90 days, according to a new social media post.

Plus: The U.S. stock market had a turbulent day after President Trump's newly imposed tariffs went into effect over the weekend.

President Donald Trump’s sweeping new tariffs on America’s trading partners took effect on Wednesday, including a combined total of 104% against goods from China. The 10% baseline already began on Saturday.