President Donald Trump holds a signed an executive order during an event in the East Room of the White House, in Washington, Tuesday, April 8, 2025. THE CANADIAN PRESS/AP-Evan Vucci
U.S. President Donald Trump partially reversed course Wednesday on his global trade war following days of market turmoil — but he’s not offering any changes to the tariffs hitting Canada.
Trump immediately paused for 90 days the levies on nations slapped with the highest duties under his “reciprocal” tariff regime. A White House official later clarified that a 10 per cent baseline tariff will remain in place for all countries.
The president has held fast to his plan to rapidly realign global trade through a benchmark “reciprocal” tariff since his return to the White House in January — but his tariffs have spread chaos throughout global markets.
The 10 per cent baseline tariffs on all imports to the U.S. from most countries, and higher duties on dozens of nations, …