Trump announced that he authorized a 90 day pause on the lofty tariffs and a “substantially lowered reciprocal tariff during this period, of 10%, also effective immediately” in a post on Truth Social Wednesday afternoon, ending days of speculation around whether or not the tariffs would actually go into effect or were negotiable.

U.S. President Donald Trump said on Wednesday he authorized a 90-day pause as part of his tariff plan but was also raising the tariff rate for China to 125%, effective immediately. (Reporting by Susan Heavey and Ryan Patrick Jones;

President Donald Trump on Wednesday announced a 90-day pause of the higher tariffs against 60-odd trading partners that went into effect earlier today, with the exception of China — an abrupt reversal of his market-rattling trade policy.

President Donald Trump continues to forge ahead with his domestic and foreign policy agenda as he moves to implement his plan for global tariffs. Follow here for the latest live news updates.

A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.

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.

But the European Commission President warned: "If negotiations are not satisfactory, our countermeasures will kick in."

President Donald Trump announced a complete pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China.

President Donald Trump on Thursday said he would return to the higher tariff rates announced last week if he can't reach a deal with trading partners during the 90-day pause he announced on Wednesday.