US Trade Representative Jamieson Greer was spending a second day testifying to Congress on what the Trump White House insisted was a trade “emergency” that needed unprecedented action. But he learned about his boss’ about-face during the hearing, in an episode that shattered his credibility in future trade talks.

As the trade wars launched by U.S. President Donald Trump continue to escalate, all eyes are on Wednesday.Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs,

Several new, sweeping taxes on goods from other countries are already here — and more took effect on Wednesday. Trump has promised higher rates for his latest and most severe volley of duties, which he calls “reciprocal” tariffs.

From the daily newsletter: how turbulence in the bond market likely inspired the Administration’s change of course.

Are the new tariffs, scheduled to take effect on Wednesday, a bargaining chip to reach better trade deals? Or are they etched in stone in a mission to revamp the global economy?

President Donald Trump shared on Truth Social that he has “ authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.” Trump also raised the tax rate on Chinese imports to 125%.

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Trump relieves GOP, markets with tariff reversal President

White House press secretary Karoline Leavitt briefed reporters Tuesday afternoon as concerns mount over President Trump’s sweeping tariffs and its impact on the U.S. economy. The Trump administration,