As the U.S. economy contracted 4.8% in the first quarter with even worse news sure to follow, the President still believes that tariffs are a strong negotiating tool and a source of revenue for the U.S. but said he would temporarily not use them as he focuses on engineering an economic rebound. That pause will not, however, apply to tariffs on goods coming from China, he told the Wall Street Journal in an interview.

President Trump also indicated that he was in no rush to negotiate a Phase Two Tariff Agreement to build on the Phase One deal completed just before ... Log in to view full article.