April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.

The new rate is higher than what Trump had threatened when he first unveiled sweeping global tariffs in April.

The Trump administration’s on-again, off-again tariff rollout has slowed decisions about warehouse sales and purchases, as business leaders await the outcome of new trade policy. Industrial deal volume was roughly flat at $22.

Brazilian coffee farmers are facing tough times after the U.S. imposed a 50% tariff on Brazilian imports earlier this month.

"It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff," Trump said after Filipino President Ferdinand Marcos visited the White House.

A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.

The company said customs duties will be less than anticipated, at a time when the industry is embroiled in trade disputes in key markets.