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Fox Business correspondent Charlie Gasparino explained that President Donald Trump paused most of his tariffs on other countries because bond markets were "imploding."

"I mean, I want to tell you right now that Donald Trump outsmarted the world, trust me," Gasparino told Fox News host Sandra Smith. "I'm an American. I support my president,.

President Donald Trump on Wednesday backed off his plan to slap most of the world with hefty tariffs as the American economy showed signs of significant stress.

Although Trump's move sent markets surging, critics nonetheless ripped the president for causing massive economic uncertainty, especially given that Trump only paused most of his tariffs for 90 days while at the same time ramping up those on China to 125 percent and leaving in place 10 percent across-the-board charges.

White House Press Secretary Karoline Leavitt lashed out at reporters after President Donald Trump ordered a 90-day pause on most of his tariffs.

During an impromptu news conference outside the White House, Leavitt announced that the 90-day pause would affect almost all countries — but would not include Chinese goods, which now face 125% tariffs because she said it retaliated.

President Donald Trump announced a 90-day pause on most of his so-called reciprocal tariffs while his trade representative was in the middle of defending the policy on Capitol Hill.

The president reversed course from Wednesday morning, when he urged investors to "be cool" while his trade war played out, and lowered the 10-percent duties on most nations but increased tariffs on Chinese imports to 125 percent, which seemed to catch trade representative Jamieson Greer off-guard as he testified before the House Ways and Means Committee.

The death toll in a roof collapse at a nightclub in the Dominican Republic has nearly doubled since initial reports.

Dust started falling from the ceiling early Tuesday legendary Jet Set club in Santo Domingo, which was packed with musicians, professional athletes and government officials, before the roof suddenly collapsed, killing at least 124 people, reported the Associated Press.

Rep. Robert Garcia (D-CA) accused Rep. Marjorie Taylor Greene (R-GA) of being one of the worst "anti-vax conspiracy theorists" after she interrupted him at a House Oversight Committee hearing.

The clash came on Wednesday while Garcia discussed the conspiracy theories of Health and Human Services Secretary Robert F. Kennedy Jr.

Far-right Texas Attorney General Ken Paxton has faced many allegations from members of his own team, and over the weekend, they won in a lawsuit against him. Despite his scandals, however, Paxton seems to think he could win a U.S. Senate race.

Four high-level aides blew the whistle over "a variety of crimes and abuses, including bribery," wrote Maddow Blog's Steve Benen. The court win would have been a "brutal embarrassment" to a normal lawmaker.

President Donald Trump sent markets surging Wednesday when he announced he would implement a 90-day pause in most of the tariffs he had planned to implement.

In a Truth Social post, Trump ramped up his pressure on China by announcing that he was going to raise tariffs on that nation to 125 percent.

Christian Chenet, 28, was being held in the Cole County Jail. Bond will be set later today, Cole County Prosecuting Attorney Locke Thompson said in an email and Chenet will have his first court appearance Friday if he does not post bond.

The Economist magazine on Wednesday sounded an alarm about a new trend in bond markets that was also flagged earlier in the day by economist Larry Summers as being particularly worrisome.

Like Summers, The Economist identified a spike in the value of ten-year American Treasury bonds as a portending a potential crisis, as it may signal that investors no longer see U.S. bonds as safe havens during times of economic distress.

President Donald Trump's trade war is already impacting the American economy, and one Democratic strategist expects part of his 2024 coalition of voters to falter.

A Democratic and Republican strategist agreed on MSNBC that the Trump tariffs add costs to American livelihoods.