Trump reduces tariffs to 10% for 90 days on all countries but China

Summary

Nasdaq heads for best day since 2008 on tariff pause newsU.S. President Donald Trump's adviser Elon Musk reacts on the day of a rally in support of a conservative state Supreme Court candidate of an April 1 election in Green Bay, Wisconsin, U.S. March 30, 2025. Vincent Alban | ReutersRep. Horsford grills Trump trade representative about pause: 'WTF! Who is in charge?' U.S. Trade Representative Jamieson Greer attends a Senate Finance Committee hearing to testify on U.S. President Donald Trump's trade policy, on Capitol Hill in Washington, D.C., U.S., April 8, 2025. Kevin Mohatt | ReutersDemocratic Rep. Steven Horsford grilled Trump's trade representative Jamieson Greer about his knowledge of the tariff pause. "So the trade representative hasn't spoken to the president of the United States about a global reordering of trade, but yet he announced it on a tweet?" the Nevada Democrat said to Greer during a hearing. "WTF! Who is in charge?" he added. "It looks like your boss just pulled out the rug from under you," he added. "This is amateur hour and it needs to stop." — Erin Doherty Tariffs could help Walmart draw new customers, more visitsCustomers shop at a Walmart store on May 18, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesAs tariffs are set to drive up prices for many goods, Walmart may be able to attract new customers and more frequent visits from shoppers, Chief Financial Officer John David Rainey said Wednesday.At an investor event in Dallas, he said the retail giant sees an opportunity to gain market share."If you look back two years ago when we saw inflation, we invited a lot of new customers to Walmart with high prices," he said. "And what we saw over those two years is they stayed with us."Walmart executives made the comments before Trump said he would temporarily lower tariffs on dozens of trading partners to 10%, and raise duties on Chinese imports to 125%.Earlier in the day, the retail giant stuck by its full-year forecast yet it scrapped its first...