Breaking news: Trump backs down on most reciprocal tariffs for 90 days

He said China would not be included, and raised tariffs on its exports to 125 percent.
From The Times

April 9, 2025

BREAKING NEWS

Ashley Gilbertson for The New York Times

Trump Backs Down on Most Reciprocal Tariffs for 90 Days

President Trump cited new talks with foreign nations on trade in explaining his reversal. But he said China would not be included, and raised tariffs on its exports to 125 percent.

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MORE COVERAGE

Stocks surged as President Trump announced a delay to most global tariffs. →

A man wearing high-visibility gear directing a vehicle at a port.

"Totally silly": President Trump's focus on the trade deficit is bewildering economists. →

A worker in a factory that makes restaurant appliances and cookware.

Analysis

For the U.S. and China, the trade fight is a risky game of chicken with no off-ramp in sight. →

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