Trump Halts Tariffs After Backlash, Declares 90-Day Pause

Eight days after announcing sweeping tariffs—and just 12 hours after they took effect—Donald Trump has paused his trade war. Under pressure from CEOs, traders and global allies, the US president announced a 90-day halt for 75 countries seeking trade deals. China, however, is excluded and now faces a record 125% tariff. Trump framed the U-turn as strategic, but investors remain wary. While US markets posted historic gains, long-term uncertainty persists. The pause doesn’t apply to base tariffs already in effect. Trump’s “Art of the Deal” diplomacy is being tested—and the next 90 days will determine its success.