The Memo: Trump makes pivot on tariffs, seeking firmer political ground

President Trump is resetting on tariffs after almost six weeks of turmoil that threatened to upend his second term.

A Monday announcement that the United States and China had come to an agreement to suspend heavy tariffs on each other marked the effective end of the first phase of Trump’s approach on the topic.

The China agreement followed a more basic deal reached with the United Kingdom last week. Those two nations are the first to strike any kind of concrete agreement since Trump’s “Liberation Day” tariffs on April 2.