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Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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Let's do a show. What the heck? On a Thursday that I thought was a Friday.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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NPR White House correspondent Franco Ordonez was there. He joins us now. Good morning, Franco.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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So you were at the White House yesterday in the Oval Office. Tell us about this really big day.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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So how much of this had to do with the markets? Is this an about face?

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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Okay, so what happens now? There's a 90-day pause, and then what?

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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Right. And then to be clear, the president has spent a lot of time talking about China's trade practices. And again, those tariffs are still there on China. So how does this shift affect the country?

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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That's White House correspondent Franco Ordonez. Thank you, Franco.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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With the markets way down and now way up, how are businesses responding to the latest twist in this trade war? To understand that, we're joined by NPR's chief economics correspondent, Scott Horsley. Good morning, Scott.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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Okay, it's pretty clear that the stock market was not happy with the president's tariffs. How are investors feeling now?

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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Right. And as we heard from Franco earlier, not all tariffs are gone, right?

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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And people are going to lose their jobs. And I might be one of them. How are business owners thinking about survival? And President Trump has issued executive orders targeting two individuals from his first administration. The latest examples of the president using the full power of his office to exact retribution on his perceived enemies. So stay with us.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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Okay, and Trump has not lowered the tax on goods from China. In fact, he's raised it. What impact is that going to have?

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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NPR's Scott Horsley, I'm sure, will be talking again soon. Thank you, Scott.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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President Trump signed two executive orders targeting individuals from his first administration.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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Here to help us understand what happened and why is NPR political correspondent Ashley Lopez. Good morning, Ashley. Good morning. Okay, let's start with Chris Krebs. What exactly does this executive order say?

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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So what are some examples of what he says Krebs was censoring?

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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We'll give you the news you need to start your day.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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So this sounds sort of similar to the executive orders Trump has issued against private law firms.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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So what does this tell us about the priorities of the president and his administration?

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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NPR political correspondent Ashley Lopez. Thank you, Ashley.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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Today's episode of Up First was edited by Roberta Rampton, Raphael Nam, Megan Pratt, Lisa Thompson, and Janae Williams. It was produced by Ziad Butch, Nia Dumas, and Christopher Thomas. We get engineering support from Nisha Hynas, and our technical director is Carly Strange. Join us again tomorrow.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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Yeah, but I feel it when you're not here.

Up First from NPR

Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials

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There was a big turning point Wednesday in the drama over President Trump's trade policy.