**TariffsPause** refers to a temporary suspension or reduction of import/export tariffs by governments to alleviate economic strain, often during crises like trade wars, inflation, or global disruptions (e.g., COVID-19).
By halting these taxes on goods, governments aim to lower costs for businesses and consumers, stabilize prices, and encourage trade. For instance, the U.S. and China intermittently paused tariffs during negotiations to ease tensions, while the EU suspended some tariffs post-pandemic to aid recovery.
Benefits include reduced inflation risks, enhanced supply chain flexibility, and improved international relations.
However, drawbacks may include lost government revenue, potential harm to domestic industries reliant on tariff protection, and challenges in reinstating paused tariffs. Such measures are typically strategic, balancing short-term relief with long-term economic goals.