#TariffsPause Tariffs are taxes imposed by a government on imported goods or services. They can significantly impact international trade, affecting prices, supply chains, and economic relationships between countries.

*Types of Tariffs:*

1. *Ad valorem tariffs*: A percentage of the value of the imported good.

2. *Specific tariffs*: A fixed amount per unit of the imported good.

3. *Compound tariffs*: A combination of ad valorem and specific tariffs.

*Effects of Tariffs:*

1. *Increased costs*: Tariffs can lead to higher prices for consumers and businesses.

2. *Trade disputes*: Tariffs can spark trade tensions and disputes between countries.

3. *Economic impact*: Tariffs can affect economic growth, employment, and competitiveness.

*Tariff Pause:*

A "tariff pause" might refer to a temporary