Just hours after implementing tariffs of varying levels on trade partners across the globe, President Donald Trump said he would be issuing a 90-day pause on the import taxes.

In a dramatic move Wednesday, Trump authorized a 90-day pause in the higher tariffs for most countries he announced last week while maintaining a 10% universal tariff.

President Donald Trump on Wednesday said he is immediately raising the tariffs on Chinese goods to 125% over Beijing’s “lack of respect" toward America.

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,

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.

US President Donald Trump has announced sweeping tariffs on goods imported from the rest of the world. Trump claims that a 10% tariff on all nations and much higher rates of up to 104% on individual countries will boost the US economy and protect jobs.

When it comes to tariffs, President Trump is a creature of habit. He first rolls out new levies with bluster. He claims they will solve a major problem: They’ll help stop fentanyl trafficking across the Mexican and Canadian borders.

U.S. stocks soared to one of their best days in history on a euphoric Wall Street Wednesday after President Donald Trump said he would back off on most of his tariffs temporarily, as investors had so desperately hoped he would.

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,