#TariffPause
A tariff pause refers to a temporary suspension or delay in the implementation of tariffs—taxes imposed on imported or exported goods. This can be applied by a government for various reasons, such as:
1. Encouraging trade: To boost imports of essential goods or materials by making them cheaper.
2. Easing inflation: Pausing tariffs can reduce costs for businesses and consumers.
3. Diplomatic or trade negotiations: Used as a goodwill gesture during trade talks.
4. Support during crises: Like during natural disasters or pandemics, to ensure access to key supplies.
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