#TariffsPause

The US has paused certain tariffs for 90 days, excluding China, due to a recent announcement by Donald Trump. Here's what's happening:

- *Tariff Suspension*: The 10% baseline tariff on imports from most countries will be suspended for 90 days, reducing the financial burden on businesses and traders.

- *China Exemption*: China is notably excluded from this suspension, with its minimum tariff rate increased to 145%.

- *Global Tariffs*: Global tariffs on cars, steel, and aluminum remain in effect, with some exemptions for goods in transit before May 27, 2025.

- *Impact*: This pause aims to ease economic uncertainty and give countries time to negotiate new trade agreements.

This development may influence trade dynamics and economic projections, potentially affecting various industries worldwide.