Live Updates: Markets Slide Further as U.S. Imposes Punishing Tariffs  —  President Trump's latest moves included a 104 percent tariff on Chinese goods.  Stocks and bonds slumped as Beijing hit back with its own levies and European leaders prepared retaliation measures.  —  Here's the latest.

Trump pauses reciprocal tariffs for 90 days, increases China tariffs to 125%  —  President Trump on Wednesday announced a 90-day pause on most of his new tariffs, and a lowering of the “reciprocal tariff” rate to 10%, effective immediately, he said on Truth Social.

Trump pauses reciprocal tariffs for 90 days for everyone but China  —  President Trump paused the sweeping reciprocal tariffs the U.S. imposed on dozens of countries this week, saying dozens had reached out to negotiate new trade deals.  —  Why it matters: Economists said the tariffs …

Trump temporarily drops tariffs to 10% for most countries, hits China harder with 125% … President Donald Trump on Wednesday dropped tariffs under his new trade plan to 10% on imports from most countries, as he announced a 90-day pause for higher, so-called reciprocal tariffs that took effect on many countries this week.

How Musk and Trump Are Working to Consolidate Government Data About You  —  Databases that Elon Musk's team is trying to access include more than 300 personal details about members of the U.S. public.  —  The federal government knows your mother's maiden name and your bank account number.

A Clown in a China Shop  —  A weird split-screen underway this morning: With Liberation Day tariffs slamming in place pretty much everywhere overnight, the wheels are well and truly coming off the economic bus.  J.P. Morgan CEO Jamie Dimon said this morning on Fox News that a recession has become “a likely outcome.”

Exclusive: Kash Patel removed as acting ATF director, replaced by Army Secretary, sources say  —  FBI Director Kash Patel was removed as the Acting Director of the Bureau of Alcohol, Tobacco, Firearms and Explosives and replaced by U.S. Army Secretary Daniel Driscoll, four people familiar with the matter said on Wednesday.

DHS to Begin Screening Aliens' Social Media Activity for Antisemitism  —  WASHINGTON— Today U.S. Citizenship and Immigration Services (USCIS) will begin considering aliens' antisemitic activity on social media and the physical harassment of Jewish individuals as grounds for denying immigration benefit requests.