#TariffsPause 🇺🇸 The US Secretary of the Treasury stated that:

• China is the main source of trade problems for the US.

• This should not be considered a trade war.

• Countries that do not impose corresponding tariffs on US goods will be encouraged.

• The pause in imposing tariffs is not related to market reaction.

• A 90-day pause was announced to give D. Trump time to negotiate with other states.

• This decision was made by the president, and I expect other countries to offer the most favorable terms.

❗️The market was not aware that the initial tariffs were set at the maximum possible level (preparation for tariff reduction).

• That was D. Trump's initial goal.

• Japan will send a delegation to conclude an agreement.

• Changes in tariffs did not affect the bond market.

• We will monitor China's actions.

The White House added that:

• The US will continue to negotiate tariffs with each country separately.