Trump pauses most new tariffs

The Donald J. Trump administration declared a trade war with the rest of the world, only to declare a 90-day pause on April 9, the day steep new tariffs would have been enforced. Some 75 countries, Trump says, have contacted administration officials to negotiate. But China, which has shown no signs of conciliation, will see a 145% tariff, Trump said in a Truth Social post that day. Trump is also instituting a broad 10% tariff on all countries during the moratorium. Trump launched the war on April 2 by instituting the toughest trade barriers in generations. His administration levied new duties of 10% or more on most countries, though they exempt many chemicals and most pharmaceuticals, semiconductors, and energy products. “April 2, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy