Live Updates: Trump Announces 90-Day Tariff Pause; House Prepares Budget Vote

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On Wednesday, President Trump announced a 90-day pause on tariffs and reduced reciprocal taxes for U.S. trading partners that have not responded with their own tariffs against the United States. Meanwhile, the tariff level on Chinese goods was increased to 125 percent. President Trump expressed hope that China would soon recognize the changes in trade dynamics with the United States.

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