#TariffPause

The US government has announced a temporary 90-day pause on most reciprocal tariffs, effective April 10, 2025. Here's what's included ¹:

- *Tariff Pause Details:*

- The pause applies to goods imported from most countries, except China, that were previously subject to reciprocal tariffs.

- Tariffs will revert to the 10% "baseline" tariff initially effective April 5, 2025.

- The pause does not apply to the additional 10% baseline tariff announced on April 2, 2025.

- *China-Specific Tariffs:*

- The reciprocal tariff on Chinese-origin goods increased to 125%, effective April 10, 2025.

- Tariffs on most Chinese-origin goods are currently assessed at 145%, including the 20% tariff imposed by President Trump in March 2025.

- *New Exemptions:*

- Certain smartphones, laptops, and other electronics are exempt from reciprocal and baseline tariffs, including those from China.

- The exemptions include specific products under the Harmonized Tariff Schedule of the United States (HTSUS) codes.

- *What's Next:*

- The administration may impose industry-specific tariffs on pharmaceuticals, semiconductors, and certain electronics.

- Further tariff negotiations and adjustments are expected, potentially leading to permanent rollbacks of "reciprocal" tariffs for trading partners that agree to concessions.