Trump Announces 90-Day Pause

Trump backs down in the midst of a market meltdown. He's announcing a 90 day pause for most countries with "only" a 10 % tariff, except for China which he's increasing to 125%. We’ll break it down at 5:30 PM ET.

Trumps says he intends to make a deal with China. He says he was “honored” to have initiated the tariff war.