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The 90-day breather would apply to reciprocal and 10% tariffs, Trump said. His sudden backtracking came less than 24 hours after sharp new tariffs kicked in on imports from multiple trade partners.
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Trump's tariffs include 104 per cent on products from China, 20 per cent on the European Union, 24 per cent on Japan and 25 per cent on South Korea. Administration officials have tried to reassure voters, Republican lawmakers and CEOs that the rates are negotiable, but by their own admission that process could take months.
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News and Media
Anger over Elon Musk's role in the Trump administration is creating opportunities for EV automakers like Rivian, which has a factory in Normal, Illinois.
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News and Media
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