Trump announced that he authorized a 90 day pause on the lofty tariffs and a “substantially lowered reciprocal tariff during this period, of 10%, also effective immediately” in a post on Truth Social Wednesday afternoon, ending days of speculation around whether or not the tariffs would actually go into effect or were negotiable.

President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.

As the trade wars launched by U.S. President Donald Trump continue to escalate, all eyes are on Wednesday.Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs,

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.

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

Are the new tariffs, scheduled to take effect on Wednesday, a bargaining chip to reach better trade deals? Or are they etched in stone in a mission to revamp the global economy?

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%.

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Trump relieves GOP, markets with tariff reversal President

White House press secretary Karoline Leavitt briefed reporters Tuesday afternoon as concerns mount over President Trump’s sweeping tariffs and its impact on the U.S. economy. The Trump administration,