Federal Reserve: US central bank keeps key interest rate constant despite pressure from Trump

On April 2, Trump imposed 10 percent tariffs on imports from most countries, along with higher tariffs on many trading partners, which were then suspended for 90 days. He also imposed 25 percent tariffs on autos, steel, and aluminum, 25 percent tariffs on Canada and Mexico, and 145 percent tariffs on China . The Trump administration is negotiating trade deals with more than 15 countries that could avert the higher tariffs.