The U.S. president said Wednesday he will temporarily lower the tariffs he has imposed on dozens of countries to 10 per cent. (The Logic)

Talking point: Trump said on social media he “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.” He claimed 75 of the countries he has targeted have called his administration to negotiate trade deals—noting they had not “retaliated in any way, shape, or form.” Neither Canada nor Mexico were hit with reciprocal tariffs on April 2, so weren’t directly affected by Wednesday’s decision. Trump spared his ire for China, raising the total rate of tariffs on that country to 125 per cent after Beijing announced Wednesday it would increase its counter-tariffs on U.S. goods to 84 per cent.