April 10, 2025: Trump’s tariff two-step

The U.S. is engaged in a trade war — just not the one many people expected. Yesterday afternoon, President Donald Trump backpedaled on most of the steep tariffs that took effect only hours earlier, pausing them for 90 days to allow time to negotiate potential deals with other nations. One big exception? China, which he announced will now be subject to a 125%. tariff. How did we get here, and what comes next? White House bureau chief Dasha Burns joins Playbook author and managing editor Jack Blanchard to unpack what happened and why. Plus, Speaker Mike Johnson delays the budget vote in the House.