President Donald Trump arrives at the annual St. Patrick's Day luncheon at the Capitol in Washington, Wednesday, March 12, 2025. (AP Photo/J. Scott Applewhite)
March 26, 2025
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April 9, 2025 10:30 a.m.
Trump pauses tariffs on most nations for 90 days, raises taxes on Chinese imports
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%.
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Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues
President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move that the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains.