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Just five days after President Donald Trump's Liberation Day, rumors are flying that he's considering pausing tariffs for 90 days. Here's what we know.

First, here's a quick summary of the tariff situation. Trump proclaimed April 2 "Liberation Day," suggesting that his tariff announcements represented economic freedom for the U.S. In early March, Trump initially spoke of tariffs on imports from Canada, China, and Mexico, then said he would announce the complete plan a month later.

Billionaire hedge-fund manager Bill Ackman called for a 90-day pause in President Donald Trump's tariffs to negotiate with other countries, becoming one of the latest public figures to weigh in on the tariff plan that's seeing a mixed reviews from high-profile officials.

Wealthy business leaders are turning on US President Donald Trump over his plan to impose a colossal set of tariffs on America’s trading partners as losses mount on stock markets around the world.

President Donald Trump’s decision to launch global tariffs on April 9 is a “mistake,” Pershing Square’s billionaire founder Bill Ackman said.