Since April 9, tariffs have been enacted on $4 trillion in goods imported annually to the United States. China was first to respond with new tariffs, imposing an 84 percent duty on all U.S. goods and refusing refusing to back down in the face of President Donald Trump’s tariffs onslaught.

The S&P 500 rose 9.5 percent after President Trump announced he would pause his “reciprocal” tariffs for 90 days, but economists warned that American importers were not out of danger.

President Donald Trump didn’t rule out extending his 90-day tariff pause in a Cabinet meeting Thursday but said if the White House can’t come to new agreements with its trading partners, the steeper rates will go back into effect.

Beijing announced a new round of 50 percent tariffs in response to President Trump’s latest levies as the trade conflict between the superpowers escalates.

The S&P 500, Dow Jones Industrial Average and Nasdaq all made massive leaps after Trump pressed pause on reciprocal tariffs announced last week, while hitting China with a 125% levy.

President Donald Trump was set to meet with his Cabinet on Thursday in the 11 a.m. hour, according to the White House schedule. It comes after Trump changed course on tariffs on Wednesday, abruptly backing down on most of his severe levies against dozens of trading partners for 90 days while leaving in place a baseline 10% tariff on nearly every nation.

As President Donald Trump tries to turn his global trade war into a one-on-one showdown with China, he is finding that he has alienated some key U.S. partners who could boost America's position in a fight between the world's largest and second-largest economies.

Wall Street stocks tumbled on Thursday on mounting worries over the economic impact of U.S. President Donald Trump's multi-front tariff war.

The supply chain. Bookings for ocean containers from China to the U.S. are plummeting, signaling a potential seismic shift in Trans Pacific trade and impacting supply chains. Container freight bookings are down by an estimated 25% on routes to and from Asia.

Canada must stand in solidarity with the international community to exert collective pressure on the U.S. A co-ordinated global response could compel Trump to reconsider his unilateral trade policies.

Canadian Prime Minister Mark Carney called US President Donald Trump's pause on global tariffs a "welcome reprieve" and said Ottawa will begin negotiations with Washington on a new economic deal after elections.

Several new, sweeping taxes on goods from other countries are already here — and more took effect on Wednesday. Trump has promised higher rates for his latest and most severe volley of duties, which he calls “reciprocal” tariffs.

In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.

Trump hikes China tariffs to 125% while cutting others

The global economy appeared to be in open rebellion against President Donald Trump's tariffs as they took effect Wednesday. Business executives are warning of a potential recession caused by his policies,

President Donald Trump says the US will proceed with an additional 50% tariff on China

Canada's main stock index on Wednesday surged by the most in five years, led by gains for resource and technology shares, as investors cheered a sudden reversal by the U.S. on tariffs.

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Trump relieves GOP, markets with tariff reversal President