In a dramatic move Wednesday, Trump authorized a 90-day pause in the higher tariffs for most countries he announced last week while maintaining a 10% universal tariff.

President Donald Trump pledged to still apply tariffs to phones, computers and popular consumer electronics, "in the not distant future," downplaying a weekend exemption as a procedural step in his overall push to remake US trade.

Earlier this week, Trump's "reciprocal" tariffs went into effect for several hours before he paused most of them for 90 days—with the notable exception of China. The United States and China remain in a tit-for-tat trade war,