#TariffsPause Based on recent reports, here's a breakdown of the "tariffs pause" situation:

Key Developments:

* 90-Day Pause for Most Countries: On April 9, 2025, US President Donald Trump announced a 90-day pause on newly imposed tariffs for most of the United States' trading partners. This pause took effect on April 10, 2025.

* "Universal 10% Tariff": During this 90-day period, a "universal 10%" tariff will apply to goods imported from these countries. This replaces the steeper tariffs that were initially announced.

* China is the Exception: China is notably excluded from this tariff pause. In fact, on the same day, the US announced an increase in tariffs on Chinese imports to 125%. China has denied any active negotiations with the US regarding tariffs.

* Retaliation from China: In response to the increased US tariffs, China announced an 84% tariff on all goods imported from the United States, effective April 10, 2025.

* Reason for the Pause: The US administration stated that the pause was granted to countries that had engaged in negotiations and had not retaliated against the initial tariffs. There were also reports suggesting concerns within the Treasury Department about bond market developments and pressure from Republicans and business executives.

* Market Reaction: The announcement of the tariff pause led to a significant surge in US stock markets.

In summary, the situation involves a temporary de-escalation of tariffs for most US trading partners, accompanied by a simultaneous increase in tariffs on China, leading to retaliatory measures from Beijing. The 90-day pause is intended to provide a window for negotiations with countries that have shown a willingness to engage.