As Trump announces a sudden 90-day pause on tariffs, White House trade adviser Peter Navarro tells one interviewer the U.S. is "in a beautiful position".

The scrappy trade hawk who helped design the much-maligned formula for Trump’s reciprocal levies has the president’s ear and his loyalty.

The S&P 500 is down more than 12% since President Donald Trump reentered the White House and launched a trade war with China.

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.

Trump hikes China tariffs to 125% while cutting others

Facing a global market meltdown, Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,

President Donald Trump has launched tariff wars with nearly all of the United States’ trading partners. And there’s no end in sight.

The S&P 500 is down more than 12% since President Donald Trump reentered the White House and launched a trade war with China.