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Trump's tariff pause rewards cooperative trade partners while isolating China ...

White House trade advisor Peter Navarro said President Donald Trump's announcement of a pause on higher tariffs is an example of the "art of the reciprocal trade deal."

President Donald Trump has a history of making deals and taking pragmatic approaches that went against a previous political goal. "You have to have flexibility," Trump said.

"China is the most imbalanced economy in the history of the modern world," Treasury Secretary Scott Bessent told reporters on Wednesday.

Treasury Secretary Scott Bessent said the customized tariffs leveled on handful of countries were paused so President Trump can be "personally involved" in the negotiations.

House Democrats criticized trade chief Jameison Greer during a Wednesday hearing, arguing the Trump administration's tariffs will hurt Americans.

President Donald Trump on Wednesday said he is immediately raising the tariffs on Chinese goods to 125% over Beijing's "lack of respect" toward America.

At a Wednesday hearing, U.S. Trade Representative Jamieson Greer faced a grilling from Democrats on the House Ways and Means Committee.

For many years tariffs were viewed favorably by Americans. But in the 1930s one act of Congress changed people's minds. That act is erroneously blamed for the Great Depression.

The Trump administration believes it is Main Street's turn to lead the economy, and will focus on small businesses rather than Wall Street over the next four years.