April 10, 2025-President Donald Trump said Wednesday he was pausing higher targeted tariffs for 90 days for most countries, a stunning reversal in his trade war that has sent markets reeling, according to NBC News. U.S. stocks dropped 2% at the open, as investors sort through a global economic outlook that has improved drastically over 24 hours but remains uncertain, according to The Wall Street Journal. Trump’s reciprocal tariffs on nearly 100 nations took effect Wednesday. Later, as he paused the levies on other nations, Trump said he had raised China’s import tax to 125%.