Gerry Georgieva, Tom Edgington & Lucy Gilder
President Donald Trump has announced sweeping changes to his import tax regime to allow time for trade talks.
A 90-day pause will be applied to countries that were facing tariffs over the 10% baseline. China, however, will see an even larger hike with tariffs on its imports rising to 125%.
President Trump had been justifying his tariffs with a series of claims about how the US is the victim of "unfair trade".
However, several of his claims about global trade were unsubstantiated or even false. BBC Verify has been taking a closer look.
Is the US making $2bn a day from tariffs?
Before the 90-day pause, Trump claimed "we're making a fortune with tariffs - $2bn a day".
He made the claim on Tuesday, one day before the pause. Trump then repeated the figure in front of reporters following the latest changes, saying "we're now making $2bn a day" - although he did not specifically link the number to tariffs.
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