Politico- President Donald Trump reversed course in the global trade war he launched just a week ago, announcing in a social media post a 90-day pause on new tariffs against every country but China. As he halted his broader tariff program amid rising recession fears, Trump ratcheted up tariffs against China to 125 percent

Trump’s walkback—albeit with a 10 percent reciprocal tariff on countries during the pause—sent the stock market back into positive territory after several days of huge losses. Read more.