#TariffsPause It seems like you're asking about the recent tariffs pause or developments. Let's break down the key points:
- *Tariff Implementation*: The US imposed a 10% baseline tariff on imports from most countries, effective April 5, 2025, with additional country-specific tariffs starting April 9.
- *Affected Countries*: Over 100 trading partners are impacted, excluding Canada and Mexico initially had different tariff rates, but now Mexico faces 25% tariffs on most goods.
- *Exemptions*: Energy products and certain minerals not available in the US are exempt from these tariffs.
- *Trade War Escalation*: The tariffs have sparked concerns about a global trade war, with financial markets responding negatively.
- *Reactions*:
- *Senate Democrats*: Opposed the tariffs, calling them a "tax on almost everything families buy".
- *Business Organizations*: Expressed concerns about potential inflationary effects and supply chain disruptions.
- *Canadian and Mexican Response*: Both countries have threatened to retaliate with their own tariffs.
- *Current Status*: The tariffs are currently in effect, with ongoing debates and potential adjustments.
Keep in mind that trade policies are constantly evolving. For the most up-to-date information, consider checking reputable news sources or official government announcements ¹ ².