#TariffsPause On April 9, 2025, President Donald Trump announced a 90-day suspension of most newly imposed tariffs, with the exception of those on Chinese imports, which were increased to 125%. This decision came shortly after the tariffs had taken effect and was influenced by discussions with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. Trump described the announcement as "written from the heart" and noted it was made without prior legal consultation.

Global Reactions:

United Kingdom: The UK was notably excluded from the tariff pause, continuing to face a 10% baseline import tax on most goods, along with existing 25% tariffs on aluminum, steel, and cars. This exclusion led to a significant economic impact, with the FTSE 100 dropping by 2.92% to a 13-month