The president put a 90-day pause on higher import duties for dozens of countries, but hiked levies on China to 125%.

Economic experts warn that the president's worldwide tariffs would not disincentivize firms from opening up manufacturing in the U.S. because of the major instability.

President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China.

The emergency of the moment is the economy. President Donald Trump declared a national emergency to address a long-standing trade imbalance and declare a global trade war.

The president has erased his postelection polling bump, and his tariff policies could soon turn a slow slide in popularity into a crash.

Pence has had an icy relationship with Trump since serving as his vice president during his first White House term.

President Trump has shaken up stock markets around the world as he announced sweeping tariffs on what he dubbed "Liberation Day" last week, then partially reversed course shortly after. The Trump administration's imposition and walkback of tariffs has led to stock volatility and sparked worries of a global trade war and recession.

The Dow Jones Industrial Average closed down 320 points, or 0.8%, while the Nasdaq dropped 2.1%. The S&P 500 fell 1.5%, putting the index on the brink of a bear market, a term tha

President Donald Trump's 90-day tariff pause came on Wednesday with little warning. His team is saying it's all part of his master plan.