#TariffsPause

In a surprising move, U.S. President Donald Trump announced a temporary suspension of new tariffs on most countries for 90 days, known as the "Tariff Pause." This decision aims to provide an opportunity for renegotiation and to ease global trade tensions. While Trump maintained a general tariff of 10% on most imports, the suspension included duties that were scheduled on some trade allies. This partial retreat came after increasing domestic and international pressures, along with concerns about a potential economic recession. However, China was excluded from this suspension, as Trump escalated tariffs on it to 125%, indicating that the conflict with Beijing is still at its peak.