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What just happened with Trump’s tariffs?

3 1
10.04.2025
Donald Trump made a big announcement about tariffs last week. This week, he took a lot of it back. | Chip Somodevilla/Getty Images

Welcome to The Logoff: Today I’m breaking down President Donald Trump’s wild afternoon of trade moves.

What is going on with tariffs? Last week, Trump announced two sets of tariffs: a minimum 10 percent tax on imports from all countries, and then a separate set of higher tariff rates that varied by country. Today, Trump said he was pausing those new country-by-country tariffs for 90 days, but he’s keeping the baseline 10 percent tariff rate in place.

Trump also says he’s raising tariffs on

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