Some tariffs are on hold, but trade war is far from over

Some of President Trump’s tariffs have been paused, but the trade war is far from over. The president’s 90-day delay for newly announced reciprocal tariffs led to a huge market rally and some collective relief on Wednesday. But America’s trading partners still face a 10 percent universal tariff. Plus, the 25 percent steel, aluminum, and foreign car tariffs are still in effect, as is the 25 percent tax on certain Canadian and Mexican imports. And don’t forget China, which is dealing with a 145 percent tariff on its goods.