China raised its total retaliatory tariff on U.S. imports to 125% today after the Trump administration clarified yesterday that U.S. duties on Beijing are actually 145% because of earlier fentanyl-related levies.

President Donald Trump was set to meet with his Cabinet on Thursday in the 11 a.m. hour, according to the White House schedule. It comes after Trump changed course on tariffs on Wednesday, abruptly backing down on most of his severe levies against dozens of trading partners for 90 days while leaving in place a baseline 10% tariff on nearly every nation.

US President Donald Trump's political allies reacted with relief after Wednesday's U-turn on tariffs, insisting it was part of a wider plan. Trump backed down from imposing worldwide higher-rate tariffs,

A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.

From the daily newsletter: how turbulence in the bond market likely inspired the Administration’s change of course.

US President Donald Trump's political allies reacted with relief after Wednesday's U-turn on tariffs, insisting it was part of a wider plan. Trump backed off imposing worldwide higher-rate tariffs, or taxes on imports.

America’s trading partners around the globe reacted with a mixture of relief and bewilderment to President Donald Trump’s eleventh-hour decision to pause some of his most aggressive tariffs.

Trump's turnabout, which came less than 24 hours after steep new tariffs kicked in on most trading partners, followed the most intense episode of financial market volatility since the early days of the COVID-19 pandemic.

For a brief, shining moment Wednesday, it looked as though some semblance of sanity had crept into Donald Trump's trade war. Trump abruptly reversed course on the "reciprocal" tariffs he had begun to impose on scores of America's leading trading partners and other countries.

Trump’s tariff policy poses a stark test of his ability to defy political gravity, dividing his allies but showcasing the remarkable faith of his die-hard base.

Trump and officials in his administration were fielding calls from worried allies, and his advisers presented him with worrying data about the bond markets.

It means that those countries will now face a lower levy of 10% - the same level as Trump as imposed on the UK when he made his initial announcement last week. The UK appeared to have come off lightly compared to other economies.

Treasury Secretary Scott Bessent helped persuade the president to take some time and negotiate with trading partners in the face of pressure from business leaders.

Several new, sweeping taxes on goods from other countries are already here — and more took effect on Wednesday. Trump has promised higher rates for his latest and most severe volley of duties, which he calls “reciprocal” tariffs.

The Supreme Court on Thursday said President Donald Trump’s administration must facilitate the return of Kilmar Abrego Garcia, a Maryland man who was mistakenly deported to El Salvador, rejecting the administration’s emergency appeal.

President Donald Trump shared on Truth Social that he has “ authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.” Trump also raised the tax rate on Chinese imports to 125%.

U.S. President Donald Trump on Wednesday abruptly paused part of his tariff assault on global trading partners, dialing back duty rates on goods from many countries for 90 days to allow room to negotiate lower trade barriers,

The U.S. tariffs on goods imported from Mexico and Canada will not be affected by the 90-day pause on tariffs announced by President Donald Trump on Wednesday, a White House official said. The United States' 25% tariff on goods it imports from Mexico and Canada that are not covered under the region's USMCA trade pact remains in effect,

President Donald Trump’s sudden change to tariff policy on Wednesday won’t affect the rates that currently apply Canadian and Mexican products, according to a White House official.

In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.

The U.S. tariffs on goods imported from Mexico and Canada will not be affected by the 90-day pause on tariffs announced by President Donald Trump on Wednesday, a White House official said.