Trump tariffs drop to 10% universal rate for countries except China for 90 days: Live updates NBC Connecticut [Video]

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.

The Nasdaq Composite jumped nearly 10% and headed for its best day since 2008 as technology stocks rallied after Trump postponed some tariffs for 90 days.

Tesla, Nvidia and Apple surged more than 10% each, while the VanEck Semiconductor ETF popped more than 14% as chipmaking stocks gained. The bounce comes after a rocky fewtrading sessions after the White House announced wide …