$ETH After a period of significant market volatility triggered by newly implemented tariffs, the individual announced a 90-day pause on reciprocal tariffs for most nations. This temporary suspension excludes China, as tariffs on Chinese imports have been raised to 125%. The decision to pause the tariffs came shortly after their initial implementation and amid growing concerns about a possible global economic recession.
This 90-day window offers an opportunity for negotiations and discussions, with more than 75 countries reportedly seeking talks. While this pause brings some relief to many trading partners, the increased tariffs on China signal a continued focus on trade disparities with that nation. Markets reacted positively to the news of the temporary suspension.