The hashtag #tarrifspause primarily refers to U.S. President Donald Trump's decision in April 2025 to suspend reciprocal tariffs for 90 days on most countries, except for China, where tariffs were raised to 125%. This decision came after economic and market disruptions that caused a significant decline in financial markets, prompting Trump to ease tariffs to 10% for most countries to allow for negotiations. The decision sparked mixed reactions: Positive: U.S. markets surged sharply after the announcement, with the S&P 500 index recording its largest daily gains since 2008. Negative: The sudden announcement raised questions about potential market manipulation, as large option trades were observed just before the announcement. Some also viewed the suspension as a partial retreat rather than a permanent solution. For China, the decision intensified trade pressures, reshaping global trade dynamics. This hashtag reflects discussions around U.S. trade policy and its impact on the global economy.