#TariffsPause Key Developments in April 2025:

* "Reciprocal" Tariffs and Subsequent Pause: On April 2, 2025, the United States announced broad "reciprocal" tariffs on imports from numerous trading partners. However, following market turmoil and concerns about economic impact, a 90-day pause was announced on April 9th for most of these countries (excluding China). During this pause, these countries would instead be subject to a base 10% tariff.