#TariffsPause The President of the United States, Donald Trump, announced a complete three-month pause on all reciprocal tariffs that went into effect at midnight, with the exception of China, a surprising turnaround from a president who had insisted that historically high tariffs were here to stay.

In a post on Truth Social, Trump said this Wednesday that he has authorized a 90-day PAUSE and a substantially lower reciprocal tariff during this period, of 10%, also effective immediately.

Shortly after the announcement, Treasury Secretary Scott Bessent stated that the pause was part of "his strategy from the beginning." But he also said that Trump had great courage to hold firm until this moment.