The past eight days have proven to be perhaps the highest-stakes study yet in how President Trump negotiates. Why it matters: "Many of you in the media clearly missed the art of the deal," White House press secretary Karoline Leavitt said Wednesday,

President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.

Trump announced that he authorized a 90 day pause on the lofty tariffs and a “substantially lowered reciprocal tariff during this period, of 10%, also effective immediately” in a post on Truth Social Wednesday afternoon, ending days of speculation around whether or not the tariffs would actually go into effect or were negotiable.

On April 7, a reporter asked President Donald Trump if he would be open to pausing tariffs to allow for negotiation. Trump said, "Well, we're not looking at that." White House Press Secretary Karoline Leavitt said April 7 that the idea that Trump was going to issue a 90-day pause was "fake news.

At the National Republican Congressional Committee dinner, President Donald Trump sought to assure critics that the chaos surrounding his tariffs is only temporary.

President Donald Trump has shared on Truth Social that he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

White House press secretary Karoline Leavitt’s spin on President Donald Trump ’s decision to pause/reverse his controversial tariffs drew mockery on social media. Leavitt chided reporters on Wednesday when she appeared to argue that Trump’s decision to roll back most of the tariffs he announced last week — following days of sliding stock markets,

Facing a global market meltdown, Trump abruptly backed off his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

Trump's tariffs have the capital markets in shambles. On April 2, the White House published a detailed press release that outlined a host of new tariff policies under the Trump administration. While the president marked his announcements as " Liberation Day ,