#TariffsPause What does the pause mean?

The announced pause only applies to some of the new tariffs -import taxes- that Donald Trump announced on April 2.

The new minimum tariff rate of 10%, which came into effect on Saturday, April 5, remains in force for products from all countries, including the United Kingdom.

There are exemptions for pharmaceutical products, microchips, and some other items.

But that 10% tariff itself represents a significant change in trade relations between the United States and all other countries.

And for China, the rate will not decrease at all, but will increase even further, up to 125%, in addition to another 20% linked to the fentanyl drug.

However, the pause means that rates higher than 10% for another 59 territories will be suspended until July.

This includes 46% for Vietnam, 44% for Sri Lanka, and 20% for the European Union.