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.

White House press secretary Karoline Leavitt said President Donald Trump is "optimistic" the U.S. and China can strike a deal over tariffs.

Beijing, which imports far fewer goods from the U.S. than it exports, is considering a range of nontariff measures amid growing trade tensions between the world’s two biggest economies.