Trump paused, for 90 days, the new reciprocal tariffs on every country except China, but left in place the 10 percent global tariff — which doesn’t apply to Canada and Mexico. He also raised the tariff on China to 125 percent from the 104 percent he had raised it to the day before.

Smith: President Trump announced a 90-day pause in the reciprocal tariffs in place on many U.S. trading partners. Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, says the situation has changed rapidly over the last seven days.