Stocks soar as Trump backtracks on some tariffs

Facing a global market meltdown, US President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days – while also raising his tax rate on Chinese imports to 125 percent, effective immediately. Read our liveblog to see how all the day's events unfolded.

Apr 10, 2025 - 12:00
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Stocks soar as Trump backtracks on some tariffs
Facing a global market meltdown, US President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days – while also raising his tax rate on Chinese imports to 125 percent, effective immediately. Read our liveblog to see how all the day's events unfolded.
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