A U-Turn on Tariffs

After promising that tariffs against dozens of countries were here to stay, no matter how much they hurt businesses or the stock market, President Trump has abruptly reversed course. But there’s an exception: his levies on China, which he said he would raise to 125 percent. Jonathan Swan, who covers the White House, explains why the president changed his mind, and David Pierson, who covers China, discusses why Beijing won’t back down.