Plus: A jailed U.S. citizen has been released in prisoner swap with Russia. | International tourists are turning away from the U.S. as a destination.

U.S. President Donald Trump's sudden about-face on sweeping import tariffs did little to soothe companies' worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains.

In today's big story, President Donald Trump's 90-day pause on sweeping tariffs was felt worldwide — with some stakeholders benefiting more than others. What's on deck Markets: A recession is starting right now,

From the daily newsletter: how turbulence in the bond market likely inspired the Administration’s change of course.

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.

Trump has promised higher rates for his latest and most severe volley of duties, which he calls “reciprocal” tariffs. With so many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.

The global economy appeared to be in open rebellion against President Donald Trump's tariffs as they took effect Wednesday. Business executives are warning of a potential recession caused by his policies,

U.S. Trade Representative Jamieson Greer addressed the Senate Finance Committee a day after global markets swung wildly and some business leaders lambasted the president's aggressive bid to raise tariffs on almost every nation on earth.

President Donald Trump has launched tariff wars with nearly all of America's trading partners. And there’s no end in sight. He is now encouraging companies to return to the U.S.