#TariffsPause The US tariffs pause, announced by President Trump on April 9, is a 90-day pause on country-specific reciprocal tariffs, excluding China. This pause, set to last until July 9, allows the US to engage in trade negotiations with over 75 countries, aiming to eliminate trade barriers, address non-tariff measures, and reduce the US trade deficit.

Key Details:

. Baseline Tariff: A 10% tariff applies to all imports except those from Canada, Mexico, and goods exempted under specific laws or industries like copper, pharmaceuticals, semiconductors, and lumber.

. Reciprocal Tariffs: These tariffs, ranging from 11% to 50%, are paused for 90 days, but the baseline 10% tariff remains in effect.

. Trade Negotiations: The US is actively engaged in negotiations with numerous countries to secure tailored trade agreements, focusing on eliminating trade barriers and reducing the US trade deficit.

. Impact: The pause has led to a positive stock market reaction, with the S&P 500 jumping 9.5% following the announcement.

Countries Affected:

. UK: Faces a 10% baseline tariff on most goods, with exemptions for goods already subject to steel, aluminum, and automobile duties.

. Canada and Mexico: Existing fentanyl and migration-related tariffs remain in effect, with goods compliant with USMCA exempt from the 10% tariff.

. China: Excluded from the pause, with tariffs on US goods increased to 125% and retaliatory measures taken, including halting exports of certain rare earth metals.