#TariffsPause On **April 9, 2025**, President Donald Trump announced a **90-day pause on most U.S. tariffs**, sparking a massive stock market rally—**S&P 500 up 9.5%, Nasdaq soaring 12.2%** (biggest single-day jumps in years). But there was a catch: **tariffs on Chinese goods spiked to 125%**, escalating trade tensions.

Now, on **April 25**, Trump hints **no second pause is coming**, meaning tougher trade policies may return. Here’s what else could happen next:

### **Selective Tariff Extensions**

- Trump could **exempt allies** (EU, Japan, UK) while keeping high tariffs on China.

- **Key industries** (auto, tech, agriculture) might get targeted relief to avoid economic pain.