The White House backed off from the steepest levies, as the costs of an all-out trade war with China threatened global economic growth.

Donald Trump may have temporarily paused his trade war with China and other countries. But the extreme economic uncertainty unleashed by the president’s tariffs still raises the question of what, if anything,

Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.

While many business owners have expressed relief at the reprieve—which as of now lasts for 90 days—a 30 percent hike in cost of goods is lot to swallow, leading some business owners to look for ways to mitigate their tariff burdens.

President Trump has cited the U.S. fentanyl crisis as one of the reasons for tariff threats against the nation’s biggest trading partners, Mexico, Canada and China. The crisis is far from over. But th

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Joe Janzen, an agricultural economist at the University of Illinois, said the commodity markets have largely shaken off the initial shock of the trade war, including Trumps’ declaration of April 2 as “Liberation Day,” when he announced stiff worldwide tariffs.