#TariffsPause The recent #TariffsPause initiated by the US has temporarily eased global trade tensions, offering a 90-day reprieve on escalating country-specific tariffs, excluding China. This pause, while welcomed by some, hasn't eliminated the underlying uncertainty caused by the initial imposition of broad tariffs.

The WTO acknowledges that this pause has mitigated some trade contraction, but significant downside risks persist, particularly for vulnerable economies. Concerns remain about the potential reinstatement of these tariffs and the overall unpredictable trade policy environment, which could still lead to a decline in global merchandise trade.