#TariffsPause The latest news on tariffs pause is as follows ¹ ²:
- *90-Day Pause*: US President Donald Trump has announced a 90-day pause on tariffs above the 10% baseline rate for most US trading partners, effective immediately. This move aims to encourage negotiations and resolve trade issues.
- *China Tariff Hike*: However, China is exempt from this pause and will face a punitive 125% tariff on its imports, citing a "lack of respect" for global markets and Beijing's decision to launch retaliatory tariffs on US goods.
- *UK and Other Countries*: The UK, Mexico, and Canada remain subject to the baseline 10% tariff, but are not affected by the additional duties for now.
- *Market Reaction*: The announcement led to a significant surge in the Dow Jones Industrial Average and S&P 500, but the tariff hike on China may escalate global trade tensions.
- *Negotiations*: US Treasury Secretary Scott Bessent emphasized that the 90-day window is an opportunity for countries to negotiate and resolve trade issues, with a new round of trade talks expected to begin soon.
The pause on tariffs is seen as a strategic move to encourage negotiations, but the increased tariff on China may pose challenges to global trade relations.
