#TariffPause In April 2025, the U.S. and China entered a renewed phase of trade tensions. The U.S. announced a 90-day tariff pause for most countries, but sharply raised tariffs on Chinese goods to 145%, aiming to pressure Beijing on trade practices. China responded by increasing tariffs on U.S. imports to 125%, but signaled potential exemptions for key goods to stabilize its economy. Major American companies, including Procter & Gamble and PepsiCo, warned of rising costs and revised earnings forecasts downward. Consumers face likely price hikes, and confidence has dipped. Despite this, markets remain relatively steady, though concerns persist about inflation, supply chain disruptions, and long-term global trade impacts.