Treasury Secretary Scott Bessent helped persuade the president to take some time and negotiate with trading partners in the face of pressure from business leaders.

President Donald Trump is pausing reciprocal tariffs but escalating the trade war with China. What it means for your wallet.

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.

"Trump blinks first in trade war," is the Daily Telegraph's headline which notes that US stocks had a good day bouncing back after the announcement. There is also a photo of King Charles III and Queen Camilla,

Donald Trump has announces a 90-day pause on reciprocal tariffs around the world except for China, coming after a week of market chaos.

President Trump's tariffs on China are up to 125%. Meanwhile, President Trump announced that most "reciprocal" tariffs are paused for 90 days. CBS News' Jill Schlesinger and Kelly O'Grady answer viewers' questions about how tariffs will impact them.

U.S. President Donald Trump's 90-day pause on most tariffs gives breathing space for more in-depth talks, and Taiwan hopes to take advantage of the "huge" U.S. market for more balanced trade, the island's foreign minister said on Thursday.

While President Trump is putting a 90-day pause on tariffs for most countries, China is now getting hit with a 125% tariff rate, a move that threatens to raise costs on electronics and appliances.

Oil prices fell around 1% on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries.