#TariffsPause A tariff pause refers to a temporary suspension or reduction of tariffs - taxes imposed on imported goods - usually implemented by a government to stimulate trade, mitigate inflation, or support domestic industries. During the pause, importers can bring in goods at lower or zero tariff rates, which can potentially reduce prices and increase the availability of certain products. This measure can also be used to promote diplomatic or trade relations between countries. However, a tariff pause can impact government revenues and may draw criticism from domestic producers who face increased competition from foreign imports during this period.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.