This is CNBC’s live coverage of how U.S. trade partners, the White House and employers are responding to President Donald Trump’s historic tariffs.
What you need to know
CNBC’s reporters are covering the tariffs and their effects, live on air and online from our bureaus in Washington; London; Singapore; San Francisco; and Englewood Cliffs, New Jersey.
U.S. President Donald Trump attends the National Republican Congressional Committee dinner at the National Building Museum in Washington, D.C., on April 8, 2025.
The president for days has insisted that his tariffs would not be lifted, despite turmoil in the markets and backlash from investors, voters and allies.
Here are three examples of Trump digging in, just days before reversing course:
— Erin Doherty
FILE PHOTO: Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee …