Global Trump Trade Chill Begins as Companies Pause Orders

US President Donald Trump may have announced a delay in some of his tariff plans, but the first signs of an economically-damaging slowdown in global trade are already emerging as companies around the world hit their own pause button on orders and he continues to escalate his trade war with China.

Trump announced Wednesday that he would increase import duties on Chinese goods to 125% while also announcing a 90-day pause in plans to impose higher tariffs on dozens of other economies, hitting them with a flat 10% tariff instead. China earlier in the day had raised its own new ...