#TariffsPause

Sure! Here's a simple explanation of Tariffs Pause:

Tariffs Pause – Meaning:

A Tariffs Pause refers to a temporary suspension or halt in the collection or increase of tariffs (import/export taxes) on goods between countries.

Why does it happen?

Governments or trade partners might pause tariffs for several reasons:

To ease trade tensions between countries.

To support the economy during tough times (like war, recession, or a pandemic).

As part of negotiations or agreements for future trade deals.

To relieve inflation by reducing the cost of imported goods.

Example:

If Country A and Country B are having a trade war and placing high tariffs on each other’s products, they may agree to a Tariffs Pause to give time for peaceful negotiation