Today,

President Donald Trump announced a 90-day pause on tariffs for most countries, while increasing tariffs on Chinese imports to 125%.

This move was made in response to concerns about the negative impact of tariffs on the global economy and market volatility. The decision was welcomed by many Republican lawmakers who had previously feared a potential recession due to Trump's aggressive tariff strategy.

However, a baseline global tariff of 10% remains in place, and tariffs on China were significantly raised in response to Beijing’s earlier retaliatory actions. The pause is seen as a temporary relief amid growing trade tensions.

#TarrifsPause