Good morning. Stocks rally as Trump delays most higher tariffs. China is excluded from the reprieve. And the US president is making showers great again. Listen to the day’s top stories.

US News: US Congress failed to pass a crucial budget resolution on Wednesday, delaying President Donald Trump’s sweeping tax cut proposals.

Markets in Japan, South Korea and Taiwan soar after the U.S. president pauses punishing tariffs. Gains in mainland China were modest as trade hostilities heat up between Washington and Beijing.

Was the president manipulating the market with his comments, as his critics say, or reassuring Americans, as the White House maintains?

Most of Thursday’s papers react to Donald Trump’s decision to pause higher tariffs – except on China.

“It just shows how ineffective the speaker is at his job,” one House Republican griped.

The House is preparing to vote on a budget blueprint, a first step towards passing President Trump’s plans for spending and tax cuts.

House GOP leaders are moving ahead with a budget plan that is meant to pave the way for future votes on President Trump’s domestic agenda, but members within their own party oppose the bill. Some dissenters have remained opposed to the bill, despite pressure from leaders and Trump himself.

Some conservatives in the narrowly divided House remain opposed to the budget blueprint, even as Trump has dialed up the pressure on them to fall in line.

Republicans scheduled a vote for Wednesday evening, but they were still at least a dozen votes short of a majority for their fiscal blueprint.

House Republicans plan to move Wednesday to prevent Democrats from forcing them to take a public vote on President Donald Trump’s global tariffs, a person familiar said.

On Tuesday, the United States Senate Committee on Finance met to question Jamieson Greer, Donald Trump’s Trade Representative. The subject – a masterpiece of senatorial understatement and restraint – was ‘The President’s 2025 Trade Policy Agenda‘. What it meant, of course, was the sweeping and stringent tariffs unveiled by the President in the shabbily glitzy