
WASHINGTON (AP) — President Donald Trump joined his economic advisers for White House negotiations Wednesday over tariffs and trade with a Japanese official. Trump recently announced a round of global tariffs but quickly paused them for 90 days after the markets tanked and recession fears mounted. Japan’s 24% across-the-board tariff is on hold. A 10% baseline tariff and a 25% tariff on cars, auto parts, steel and aluminum exports to the U.S. remain in place. Chinese President Xi Jinping is visiting Southeast Asia nations and promoting his country as a more reliable trade partner. Federal Reserve Chair Jerome Powell warned Wednesday that Trump’s tariff policies would hurt the U.S. economy.