Donald Trump’s new trading system is here. “Liberation Day” tariffs went into effect at midnight Eastern Time, imposing steep new taxes on goods from Asia, the world’s manufacturing center. Asian stock markets mostly fell on Wednesday,

Just five days after President Donald Trump's Liberation Day, rumors are flying that he's considering pausing tariffs for 90 days. Here's what we know.

President Donald Trump’s trade policy just took another sharp turn, as Trump announced on Truth Social that he was jacking China tariffs higher to 125 percent but issuing a 90-day pause for many of the “Liberation Day” tariffs that had begun to squeeze other countries around the world today.

U.S. President Donald Trump on Wednesday said he had decided to pause reciprocal tariffs for 90 days for those countries that didn't retaliate, while increasing tariffs on China, which announced further retaliatory tariffs.

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

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.

China again vowed to “fight to the end” against Donald Trump's tariffs on Wednesday, arguing that trade between the two countries is in balance as a 104% tax on the country's exports to the U.S. came into effect.

President Donald Trump is imposing tariffs on the world at will, spooking markets and straining alliances. When China announced retaliatory tariffs on US products, Trump made the unilateral decision to double down.

Donald Trump has threatened China with an extra 50% tariff on goods imported into the US if it does not withdraw its 34% counter-tariff, as global markets continue to fall. Beijing retaliated on Sunday,