Due to significant market volatility caused by newly imposed tariffs, the individual announced a 90-day pause on retaliatory tariffs for most countries. This temporary delay excludes China, as tariffs on Chinese imports have been increased to 125%. The decision to suspend tariffs was made shortly after their initial implementation and against a backdrop of growing concerns about a potential global economic downturn.

This 90-day window provides an opportunity for negotiations and discussions, with over 75 countries reportedly seeking negotiation opportunities. While this pause offers some relief to many trading partners, the increase in tariffs on China signals continued attention to trade imbalances with that country. Markets reacted positively to the news of the temporary suspension.