#TariffsPause The US government recently announced a 90-day pause for certain tariffs, specifically for goods from countries other than China. Here’s what you need to know¹:

- ​​*Tariff Pause*: This pause applies to additional tariffs beyond the base 10% tariff imposed on most countries. This means the base tariff remains in effect.

- *Exclusions*: China is excluded from this pause and will continue to face higher tariffs, which recently increased to 125%. Canada and Mexico are also not included in this pause due to ongoing negotiations.

- *Impact*: This pause aims to facilitate negotiations with other countries without triggering retaliatory tariffs. However, there is still uncertainty about the final tariffs and potential impacts on businesses and consumers.

- *Economic Impact*: These tariffs are expected to burden American households by about $4,600 per year, with price increases for electronics, cars, clothing, and other goods. Some businesses may delay investments or postpone orders due to uncertainty.

*Key Details:*

- *Tariff Rates*: The base tariff is 10% for most imported goods, with higher tariffs for specific countries and products.

- *Affected Products*: A variety of goods, including electronics, cars, steel, aluminum, and auto parts, are subject to tariffs.

- *Business Impact*: Companies may face increased costs, supply chain disruptions, and uncertainty about future market dynamics.²