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Donald Trump has paused his so-called “reciprocal” tariffs on most of America’s trading partners for 90 days – while increasing those on China to 125%.

There have been fears of a global recession and stock markets around the world had plummeted after Mr Trump announced his “Liberation Day” tariffs on Wednesday 2 April.

However, the S&P 500 stock index jumped 9.5% and global markets bounced back following Mr Trump’s announcement on Wednesday that the increased tariffs on nearly all trading partners would now be paused.

Tariffs latest: Trump gives reasons for pausing some tariffs

In a post on his Truth Social platform, Mr Trump said the “90-day pause” was for the “more than 75 countries” who had not retaliated against his tariffs “in any way”.

He added that during this period they would still have to pay a “substantially lowered” 10% tariff, which is “effective immediately”.

It is lower than the 20% tariff that Mr Trump had set for goods from the European Union, 24% on imports from Japan and 25% on products from South Korea.

The UK was already going to face a blanket 10% tariff under the new system.

Mr Trump said the increased 125% tariff on imported goods from China was “effective immediately”.

He added: “At some point, hopefully in the near future, China will realise that the days of ripping off the USA, and other countries, is no longer sustainable or acceptable.”

What’s in Trump’s tariff pause?

Here’s what Donald Trump’s tariff pause entails:

‘Reciprocal’ tariffs on hold

• Higher tariffs that took effect today on 57 trading partners will be paused for 90 days

• These include the EU, Japan and South Korea, all of which will face a baseline 10% duty instead

• Countries that already had a 10% levy imposed since last week – such as the UK – aren’t affected by the pause

China tariffs increased

• Trump imposed a higher 125% tariff on China

• That’s in addition to levies he imposed during his first term

• China had hit the US with 84% tariff earlier today, following tit-for-tat escalations

No change for Canada or Mexico

• Canadian and Mexican goods will remain subject to 25% fentanyl-related tariffs if they don’t comply with the US-Mexico-Canada trade agreement’s rules of origin

• Compliant goods are exempt

Car and metal tariffs remain

• Trump’s pause doesn’t apply to the 25% tariffs he levied on steel and aluminium in March and on cars (autos) on 3 April

• This 25% tariff on car parts does not come into effect until 3 May

Sectors at risk

• Copper, lumber, semiconductors, pharmaceuticals and critical minerals are expected to be subject to separate tariffs, in the same way autos are

Hours after Mr Trump announced the pause on tariffs for most countries, a White House official clarified that this did not apply to the 25% duties imposed on some US imports from Mexico and Canada.

The tariffs were first announced in February and Mexico and Canada were not included in the “Liberation Day” announcements.

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Donald Trump says China ‘wants to make a deal’

Hours before the 125% tariff on China was revealed, Beijing said it was increasing tariffs on US goods by 50%.

It meant tariffs of 84% would be enforced on US goods – up from the 34% China had previously planned.

Donald Trump speaks in the Oval Office. Pic: Reuters
Image:
Mr Trump spoke to reporters in the Oval Office. Pic: Reuters

China ‘want to make a deal’

Asked why he posted “BE COOL” on Truth Social hours before announcing his tariff pause, Mr Trump told reporters at the White House: “I thought that people were jumping a little bit out of line.”

“They were getting yippy, you know, were getting a little bit yippy, a little bit afraid,” he added.

Mr Trump continued: “China wants to make a deal, they just don’t know how to go about it.

“[They’re] quite the proud people, and President Xi is a proud man. I know him very well, and they don’t know quite how to go about it, but they’ll figure it out.

“They’re in the process of figuring out, but they want to make a deal.”

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White House press secretary Karoline Leavitt said the walk back was part of a grand negotiating strategy by Mr Trump.

“President Trump created maximum negotiating leverage for himself,” she said, adding that the news media “clearly failed to see what President Trump is doing here”.

US Treasury Secretary Scott Bessent also insisted Mr Trump had strengthened his hand through his tariffs.

“President Trump created maximum negotiating leverage for himself,” he said.

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Mr Bessent said Mr Trump decided to raise tariffs on China because Beijing hadn’t reached out to the US and instead increased its own levies on US goods.

Downing Street said that the UK will “coolly and calmly” continue its negotiations with the US.

A Number 10 spokeswoman said: “A trade war is in nobody’s interests. We don’t want any tariffs at all, so for jobs and livelihoods across the UK, we will coolly and calmly continue to negotiate in Britain’s interests.”

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Sean ‘Diddy’ Combs forced women into ‘freak offs’, jurors told – as hotel CCTV is played in court

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Sean 'Diddy' Combs forced women into 'freak offs', jurors told - as hotel CCTV is played in court

Sean “Diddy” Combs’s public persona was that of a “charismatic” hip-hop mogul – but behind the scenes he forced women into “freak off” sexual encounters with escorts and blackmailed them with videos, prosecutors alleged during the first day of his trial.

In the courtroom in Manhattan, New York, Combs blew a kiss to his mother and family members supporting him, before listening intently as opening statements from the prosecution and defence outlined the details of the high-profile case.

The hip-hop mogul, 55, has pleaded not guilty to charges of sex trafficking, racketeering conspiracy and transportation to engage in prostitution, and strenuously denied all allegations of sexual abuse.

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Sean Combs’s family arrive at court

His defence lawyers say all sexual encounters were consensual and that the case is really about nothing more than Combs’s sexual preferences, which they say should remain private. Combs is a “flawed individual”, they argue, but not a racketeer or a sex trafficker.

The court also heard evidence from two witnesses – a former hotel security guard and a male escort.

But first, prosecutor Emily Johnson gave her opening statement.

“To the public, he was Puff Daddy or Diddy,” she told the court, describing Combs as a “business icon” and “larger than life”.

However, there was another side to the rapper, she says – a side that “ran a criminal enterprise”, she said. He sometimes “called himself the king”, Ms Johnson said, and expected to be treated like one.

“This is Sean Combs,” Ms Johnson told jurors as she pointed at Combs, who leaned back in his chair. “During this trial you are going to hear about 20 years of the defendant’s crimes.”

Those crimes, she said, included kidnapping, arson, drugs, sex crimes, bribery and obstruction.

U.S. Marshalls sit behind Sean "Diddy" Combs as he sits at the defense table alongside lawyer Marc Agnifilo in the courtroom during his sex trafficking trial in New York City, New York, U.S., May 9, 2025 in this courtroom sketch. REUTERS/Jane Rosenberg
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There are no cameras in the court building, so court artists capture the scenes inside. Sketch: Reuters/Jane Rosenberg

Ms Johnson said Combs beat and sexually exploited his former long-term girlfriend Cassie, who was named in court, and compelled the singer and other women to take drugs and have sex with male escorts.

He threatened to ruin Cassie’s career by publicly releasing videos of these sexual encounters, which were dubbed “freak offs”, jurors heard.

“Her livelihood depended on keeping him happy,” the prosecutor said.

Jurors will hear testimonies from alleged victims who will talk about “some of the most painful experiences of their lives”, Ms Johnson continued. “The days they spent in hotel rooms, high on drugs, dressed in costumes to perform the defendant’s sexual fantasies.”

Sean 'Diddy' Combs and Cassie Ventura at the 2017 Costume Institute Benefit Gala ub 2017. Pic: zz/XPX/STAR MAX/IPx 2017/AP
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Combs and Cassie pictured in 2017. Pic: zz/XPX/STAR MAX/IPx 2017/AP

‘This is not a complicated case’

But Teny Geragos, who is on Combs’s defence team, painted a very different picture.

“Sean Combs is a complicated man,” she told the court. “But this is not a complicated case. This case is about love, jealousy, infidelity and money.”

Ms Geragos conceded that Combs could be violent and said she understood some jurors might not condone this, nor his “kinky sex”. But the rapper is “not charged with being mean”, she said, and his lifestyle may have been indulgent, but it was not illegal.

She also claimed Combs’s accusers were motivated by money.

Cassie hotel footage shown in court

Pic: CNN via AP
Image:
Pic: CNN via AP May 2024

After the opening statements, the first witness, Israel Florez, was called to the stand.

Now a police officer in LA, in March 2016, Mr Florez worked as a security guard at a hotel in Los Angeles, where Combs was filmed on CCTV seemingly attacking R&B singer and model Cassie, whose full name is Casandra Ventura.

After CNN aired video of the attack last year, the rapper apologised in a video on social media and said he was “disgusted” by his actions.

Video footage of this incident was shown in court as Mr Florez gave his testimony.

He told the court he recognised Combs after responding to a call of a woman in distress on the sixth floor of the hotel. The rapper was wearing only a towel and socks, Mr Florez told the court, and had “a blank stare, like a devilish stare, just looking at me”.

He said that as he was escorting Ms Ventura and Combs to their room, she indicated she wanted to leave and the rapper told her: “You’re not going to leave.”

Combs then offered him money and told him “don’t tell nobody”, Mr Florez said.

Read more:
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Diddy – a timeline of allegations
Everything you need to know about the trial

The second witness, Daniel Phillip, used to work as a male escort, the court was told. He said he met Ms Ventura at a hotel in Manhattan, where he thought he was attending a bachelorette party.

However, he said he ended up having sex with Ms Ventura as Combs watched and masturbated, and that he was paid several thousand dollars.

Mr Phillip said he had several subsequent encounters with the then couple, which lasted between an hour and 10 hours, and that he witnessed or heard the rapper being violent on two occasions.

He told the court he did not intervene as Combs was powerful, and that he feared for his life. His evidence will continue tomorrow.

The trial is expected to last about eight weeks. Combs faces up to life in prison if he is convicted.

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American-Israeli hostage Edan Alexander released by Hamas

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American-Israeli hostage Edan Alexander released by Hamas

Hamas has released Edan Alexander, an Israeli soldier who holds American citizenship, as part of ongoing efforts to achieve a permanent ceasefire with Israel.

The 21-year-old was believed to be the last living American hostage in Gaza.

In a statement, Hamas said: ” The Izz ad-Din al-Qassam Brigades released the captured Israeli soldier, Idan Alexander, a US citizen, a short while ago, following contacts with the US administration. This comes as part of the efforts being made by mediators to achieve a ceasefire, open the crossings, and allow aid and relief to reach our people in the Gaza Strip.

Edan Alexander. Pic: Hostages and Missing Families Forum via AP
Image:
Edan Alexander. Pic: Hostages and Missing Families Forum via AP

“This step comes after important contacts in which Hamas demonstrated positivity and high flexibility.

“We affirm that serious and responsible negotiations achieve results in the release of prisoners. However, continuing the aggression prolongs their suffering and may kill them.

“We affirm the movement’s readiness to immediately begin negotiations to reach a comprehensive and sustainable ceasefire agreement, including the withdrawal of the occupation army, the end of the siege, a prisoner exchange, and the reconstruction of the Gaza Strip.

“We urge the Trump administration to continue its efforts to end this brutal war waged by the war criminal Netanyahu against children, women, and defenceless civilians in the Gaza Strip.”

Mr Alexander was transferred to Israel Defence Forces via the Red Cross.

A sign outside a Jewish community centre in Edan Alexander's home town of Tenafly, New Jersey. File pic: Reuters
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A sign outside a Jewish community centre in Edan Alexander’s home town of Tenafly, New Jersey. File pic: Reuters

An IDF statement said: “The returning hostage is currently being accompanied by IDF special forces on his return to Israeli territory, where he will undergo an initial medical assessment and meet with his family.

“The commanders and soldiers of the Israel Defense Forces salute and embrace the returning hostage as he makes his way home to the State of Israel.

“The IDF Spokesperson’s Unit asks everyone to respect the privacy of the returning hostage and his family.”

Mr Alexander’s parents, who live in the US, made the journey to Israel ahead of the expected release.

The family said they were deeply grateful to US President Donald Trump and his administration for its work to secure the release – and have urged the Israeli government to continue efforts to free all hostages.

Mr Alexander, who is from New Jersey, was 19 when he was taken from his base on the border with Gaza in southern Israel during the Hamas attacks on 7 October 2023.

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Trump set for truly consequential week for his presidency and his ability to effect change

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Trump set for truly consequential week for his presidency and his ability to effect change

It has been an extraordinary few hours which may well set the tone for a hugely consequential week ahead.

In the time that it took me to fly from London to Saudi Arabia, where President Donald Trump will begin a pivotal Middle East tour this week, a flurry of news has emerged on a range of key global challenges.

On the Gaza war: The Trump administration has confirmed it’s holding talks with Hamas, which says it will release a hostage amid renewed hopes of a ceasefire.

On the Ukraine war: President Volodymyr Zelenskyy has said he is prepared to meet Russian President Vladimir Putin in Istanbul – this announcement came minutes after Trump urged Zelenskyy to agree to the meeting.

On the China-US trade war: The White House says the two countries have agreed to a “trade deal”. China said the talks, in Geneva, were “candid, in-depth and constructive”.

All three of these developments represent dramatic shifts in three separate challenges and hint at the remarkable influence the US president is having globally.

This sets the ground for what could be a truly consequential week for Trump’s presidency and his ability to effect change.

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Ask Mark Stone a question

With his unique style, Trump is seeking to align numerous stars as he embarks on his first foreign diplomatic trip of his second presidency.

For days, it’s been unclear how the week ahead would unfold and which global challenge would be dominant.

The Saudi government has been instrumental as a broker in the Ukraine-Russia conflict and Qatar has been a mediator in the Gaza war.

Trump will visit both countries this week.

President Donald Trump on Air Force One earlier this month. File pic: AP
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President Donald Trump on Air Force One earlier this month. File pic: AP

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Putin under pressure?

On Ukraine, Putin held a late-night news conference at the Kremlin on Saturday at which he made the surprise proposal of talks with Zelenskyy in Istanbul this Thursday.

But he rejected European and US calls for an immediate ceasefire.

The move was widely interpreted as a delay tactic.

Trump then issued a social media post urging Zelenskyy to accept the Russian proposal; effectively to call Putin’s bluff.

The American president wrote: “President Putin of Russia doesn’t want to have a Cease Fire Agreement with Ukraine, but rather wants to meet on Thursday, in Turkey, to negotiate a possible end to the BLOODBATH. Ukraine should agree to this, IMMEDIATELY. At least they will be able to determine whether or not a deal is possible, and if it is not, European leaders, and the U.S., will know where everything stands, and can proceed accordingly! I’m starting to doubt that Ukraine will make a deal with Putin, who’s too busy celebrating the Victory of World War ll, which could not have been won (not even close!) without the United States of America. HAVE THE MEETING, NOW!!!”

Within minutes, Zelenskyy responded, agreeing to the talks.

“We await a full and lasting ceasefire, starting from tomorrow, to provide the necessary basis for diplomacy. There is no point in prolonging the killings. And I will be waiting for Putin in Türkiye on Thursday. Personally. I hope that this time the Russians will not look for excuses,” Zelenskyy wrote on X.

The prospect of Putin and Zelenskyy together in Istanbul on Thursday is remarkable.

It raises the possibility that Trump would want to be there too.

President Volodymyr Zelenskyy welcomes other world leaders to Kyiv. 
Pic: Presidential Office of Ukraine/dpa/AP Images
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President Volodymyr Zelenskyy welcomes other world leaders to Kyiv. Pic: Presidential Office of Ukraine/dpa/AP Images

Israel’s war in Gaza

On Gaza, it’s been announced that US envoy Steve Witkoff will arrive in Israel on Monday to finalise details for the release of Idan Alexander, an Israeli-American hostage being held by Hamas.

The development comes after it was confirmed that Mr Witkoff has been holding discussions with Israel, Qatar and Egypt and, through them, with Hamas.

The talks focused on a possible Gaza hostage deal and larger peace discussions for a ceasefire.

Read more:
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Gaza after around a year and a half of Israeli attacks.
Pic: Reuters/Mahmoud Issa
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Gaza after around a year and a half of Israeli attacks. Pic: Reuters/Mahmoud Issa

Just days ago, Israel announced a new military plan to move back into Gaza.

When do candid talks become a trade deal?

Meanwhile, officials from the United States and China have been holding talks in Geneva, Switzerland, to resolve their trade war, which was instigated by Trump’s tariffs against China.

Late on Sunday evening, the White House released a statement claiming that a trade deal had been struck.

In a written statement, titled “U.S. Announces China Trade Deal in Geneva”, treasury secretary Scott Bessent said: “I’m happy to report that we made substantial progress between the United States and China in the very important trade talks… We will be giving details tomorrow, but I can tell you that the talks were productive. We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”

Beijing Global Times newspaper quoted the Chinese vice premier as saying that the talks were candid, in-depth and constructive.

However, the Chinese fell short of calling it a trade deal.

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A Qatari gift

In a separate development, US media reports say that Qatar is preparing to gift Trump a Boeing 747 from its royal fleet, which he would use as a replacement for the existing and aging Air Force One plane.

The Qatari government says no deal has been finalised, but the development is already causing controversy because of the optics of accepting gifts of this value.

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