News

Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause

The New York Times · Ana Swanson · last updated
President Trump on Wednesday abruptly reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession. Just hours after he put punishing levies into place on nearly 60 countries, the president said he would pause them for 90 days.