A tariffs pause refers to a temporary suspension or halt in the application of tariffs, which are taxes imposed on imported or exported goods. Governments may implement a pause to ease trade tensions, support domestic industries facing supply shortages, or encourage diplomatic negotiations. During the pause, affected goods can move across borders without the additional tax burden, potentially lowering costs for businesses and consumers. Tariffs pauses are often used strategically in trade agreements or during economic crises to stabilize markets and foster international cooperation.
