President Donald Trump introduced his “discounted reciprocal tariffs” on over 200 countries on April 2. Most countries receive a base tariff rate of 10%, but for countries receiving more, the rates were calculated by halving a rate he displayed as “tariffs charged to the U.S.A. including currency manipulation and trade barriers.”

In a dramatic move Wednesday, Trump authorized a 90-day pause in the higher tariffs for most countries he announced last week while maintaining a 10% universal tariff.

Gupta BEIJING/WASHINGTON/BRUSSELS (Reuters) - U.S. President Donald Trump's sudden decision to pause most of the hefty duties he had just imposed on dozens of countries brought relief to battered global markets and anxious European leaders,