Trump pauses most global tariffs, but changes nothing for Canada and Mexico [Video]

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We’re wrapping up our live updates for the day

U.S. President Donald Trump at the White House on Wednesday. (Nathan Howard/Reuters)
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How the Trump administration framed the timing of today’s decision

Rhianna Schmunk

Members of the Trump administration, from left: U.S. Secretary of the Interior Doug Burgum, Commerce Secretary Howard Lutnick, Transportation Secretary Sean Duffy, Secretary of the Treasury Scott Bessent and Michigan House Speaker Matt Hall. (Nathan Howard/Reuters)

A theme that came up this afternoon is the Trump administration’s effort to present the 90-day pause on tariffs as something that had been in the works for a while, rather than a sudden reaction to chaos on the markets.

Trump said he’d been thinking about a pause “over the last few days” but the idea “probably came together this morning” and he just “wrote it up.”

“We didn’t have access to lawyers or anything. We just wrote it up from our hearts. It was written from the heart. It …