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 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.

China Has Readied a Trade-War Arsenal That Takes Aim at U.S. Companies  —  Beijing's strategy to hit back at Trump goes well beyond tariffs, targeting companies who bank on their China ties  —  In the years since President Trump's first trade war with China, Beijing has built an arsenal of tools to hit the U.S. where it hurts.

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.

Elon Musk's DOGE Is Getting Audited  —  The General Accountability Office's audit examines DOGE's handling of data at a number of federal agencies, according to sources and records reviewed by WIRED.  —  The General Accountability Office (GAO) is auditing Elon Musk's so-called Department of Government Efficiency (DOGE).

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.