‘Nothing Is Certain but Uncertainty’: How the World Is Reacting to Trump’s Tariff Reversal

Hours after Donald Trump’s sweeping “reciprocal” tariffs—which were announced with much fanfare last week, jolting world leaders and roiling global markets—kicked in on Wednesday, the U.S. President pulled a 180.

Trump announced a 90-day pause on countries that have not retaliated, temporarily lowering the high tariffs on nearly all trading partners to a baseline 10%, while raising the tax rate on imports from China, which had retaliated with tit-for-tat hikes on U.S. imports, to 125%.