The past eight days have proven to be perhaps the highest-stakes study yet in how President Trump negotiates. Why it matters: "Many of you in the media clearly missed the art of the deal," White House press secretary Karoline Leavitt said Wednesday,

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 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.

In the aftermath of Wednesday’s tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks

Facing pressure from world markets, President Trump stepped back from his plans to slap steep tariffs on a broad range of countries — except for China.Support NPR and hear every episode of Trump's Terms sponsor-free with NPR+.

A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.

President Donald Trump has said that higher tariffs will be paused for most countries for 90 days, with an overall 10% tariff on all countries still in place.

President Trump said that countries who don’t reach trade deals with the U.S. before the 90-day pause elapses risk being hit with additional tariffs. Asked what would happen if a country fails to reach an agreement with the U.

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.

It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.

President Donald Trump met with his Cabinet in the White House Thursday for the first time since announcing his tariff plan.

President Donald Trump has launched tariff wars with nearly all of the United States' trading partners. And there’s no end in sight. Several new, sweeping taxes on goods from other countries are already here — and more took effect on Wednesday.

Trump hikes China tariffs to 125% while cutting others

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.

President Trump sent the financial markets soaring Wednesday when he announced a 90-day pause on all 'reciprocal' tariffs, except those on China, which he boosted to a cumulative 125%. Here is a quick glance at the current tariff picture.