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After promising that tariffs against dozens of countries were here to stay, no matter how much they hurt businesses or the stock market, President Trump has abruptly reversed course.

But there’s an exception: his levies on China, which he said he would raise to 125 percent.

Jonathan Swan, who covers the White House, explains why the president changed his mind, and David Pierson, who covers China, discusses why Beijing won’t back down.

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Jonathan Swan, a White House reporter for The New York Times.

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David Pierson, a foreign correspondent for The New York Times covering China.

Donald Trump is standing outdoors in a suit gesturing with his hand.
For the past week, President Trump had been urging calm in the face of the financial chaos that he created and resisting calls for him to rethink his approach.Eric Lee/The New York Times

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The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, M.J. Davis Lin, Dan Powell, Sydney Harper, Michael Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, Nina Feldman, Will Reid, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern, Sophia Lanman, Shannon Lin, Diane Wong, Devon Taylor, Alyssa Moxley, Olivia Natt, Daniel Ramirez, Brendan Klinkenberg and Chris Haxel.

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