#TariffsPause A tariff pause refers to a temporary suspension or reduction of import or export duties imposed by a country on certain goods. This move is often used to stabilize markets, lower consumer prices, or support industries facing supply shortages or high inflation. Governments may implement a tariff pause during economic crises, trade negotiations, or when domestic industries cannot meet demand. It can foster better trade relations and reduce costs for businesses and consumers. However, a tariff pause might also expose local industries to greater foreign competition, potentially hurting domestic production in the long term. Policymakers usually weigh the benefits of cheaper goods and economic stimulation against the risks to local jobs and businesses. Tariff pauses can be selective, applying only to specific goods, or broad, covering wide sectors. They are typically temporary but can sometimes lead to permanent changes in trade policy depending on economic outcomes and political considerations.