Trump reverses, pauses tariffs.

On Wednesday, President Donald Trump announced a 90-day pause on the individualized tariffs imposed on U.S. trading partners, with the exception of China. The pause came roughly 13 hours after the tariffs took effect, and the White House said tariff levels would return to 10% on all imports during the pause. Conversely, President Trump raised the tariff on Chinese imports from 104% to 125%, effective immediately, citing “the lack of respect that China has shown to the World’s Markets.” Combined with the existing 20% tariff announced in February, the White House says the effective tariff rate on Chinese imports is now 145%. Additionally, increased 25% tariffs on cars, steel, and aluminum from all countries will remain in place. Ad-free podcasts are here!Many listeners have been asking for an ad-free version of this podcast that they could subscribe to — and we finally launched it. You can go to ReadTangle.com to sign up!You can read today's podcast⁠ ⁠⁠here⁠⁠⁠, our “Under the Radar” story ⁠here and today’s “Have a nice day” story ⁠here⁠.Take the survey: What do you think of Trump’s decision to pause tariffs? Let us know!You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.This podcast was written by Isaac Saul and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75.Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Hunter Casperson, Kendall White, Bailey Saul, and Audrey Moorehead. Our logo was created by Magdalena Bokowa, Head of Partnerships and Socials.  Hosted on Acast. See acast.com/privacy for more information.