Trump flinches on tariffs with 90-day pause after pressure from all sides

Source: Business Insider

President Donald Trump announced that Chinese goods would now be subject to a 125% tariff, a further escalation in his trade war with China. Anna Moneymaker/Getty ImagesPresident Trump says he's backing off on his initial reciprocal tariff plans. He announced on Wednesday that reciprocal tariffs would drop to 10% for 90 days.