Trump announced that he authorized a 90 day pause on the lofty tariffs and a “substantially lowered reciprocal tariff during this period, of 10%, also effective immediately” in a post on Truth Social Wednesday afternoon, ending days of speculation around whether or not the tariffs would actually go into effect or were negotiable.

The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.

Trump may have hit the brakes on reciprocal tariffs levied against many of the US’ top trading partners, but the duties imposed on China will reach a staggering 145% on certain goods.

Beijing’s retaliation came after the White House ratcheted up its tariff on Chinese goods to 125 percent, on top of an existing 20 percent tax.

U.S President Donald Trump's dramatic decision to pause hefty tariffs on dozens of countries was an important step towards stabilising the global economy, European Commission President Ursula von der Leyen said on Thursday.

China’s president Xi Jinping says there are "no winners in a tariff war" as Beijing faces 145% levies on goods imported to the US.

China hiked its levies on imports of U.S. goods to 125% on Friday, hitting back at Donald Trump's decision to single out the world's No.2 economy for higher duties, while dismissing the U.S. president's tariff strategy as "a joke.

Some tariffs were paused after President Donald Trump's announcement, but many remain, and China tops the list.

In a dramatic change of policy, US President Donald Trump hikes China tariffs to 125% on goods entering the United States. Most other countries will now see a 90-day pause on higher import taxes. We hear from Everett Eissenstat,

Just days after the president insisted that his trade tariffs were “here to stay” and would “never change," the president announced an unexpected pause.

Key Takeaways President Donald Trump paused most of his "reciprocal" tariffs this week, leaving many others in place, as a simmering trade war threatens to be a drag on growth and push up prices.A typical household will pay more than $4,

ABC News Chief White House Correspondent Mary Bruce asked Treasury Secretary Scott Bessent on Tuesday morning how soon he thinks deals can be made with other nations as some tariff negotiations begin.

Across his political career, Donald J. Trump has made his case for tariffs by relying on a number of false and misleading claims. Here’s a guide.

The White House also confirmed that the tariffs on China would reach 145% due to a pre-existing 20% levy on fentanyl

Trump hikes China tariffs to 125% while cutting others