Multiple businesses are still reacting to President Donald Trump’s tariffs and the incoming effects they may have on them, which have shaken the stock market since their inception last week. On Wednesday,

Wall Street surged after U.S. President Donald Trump announced a 90-day pause in tariffs unveiled last week that roiled markets and erased trillions of dollars from global stock markets.

Stocks staged an enormous rally after Trump announced a 90-day pause in the trade war. However, he said he would raise tariffs once again for China.

Trump’s sweeping new tariffs took effect on Wednesday, including a combined total of 104% against imports from China. The country retaliated with 84% tariffs on U.S. goods.

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,

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

The White House said tariff levels for most nations will be lowered to 10%. In a dramatic move Wednesday, President Donald Trump says he has authorized a 90-day pause in the higher tariffs for most countries he announced last week — while maintaining a 10% baseline tariff across the board.

Uncertainty is still high about what President Trump will do with his trade war. The latest tariffs are scheduled to kick in after midnight.

Markets in Asia slumped as tariffs on products from 86 countries kicked in. China said it would protect its economy, but also that it was open to dialogue.

By Susan Heavey, Trevor Hunnicutt, Joe Cash WASHINGTON/BEIJING (Reuters) -The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump's sweeping tariff plan.

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.

President Donald Trump on Tuesday said the U.S. will soon announce a "major" tariff on pharmaceutical imports.

US President Donald Trump's latest wave of tariffs has come into force, with imports from China hit by a 104% rate amid an escalating standoff between the world's two biggest economies. Tariffs ranging from 11% to 50% now apply to imports from around 60 US trade partners,

President Trump announced a 90-day pause or reduction in tariffs on imports from more than 75 countries, excluding China. Instead, tariffs on Chinese goods will rise to 125%. The move comes just hours after broad new tariffs took effect.