#TariffsPause ​In April 2025, President Trump announced a 90-day pause on planned tariff increases for most countries, maintaining a base 10% tariff, while escalating tariffs on Chinese imports to 145% . This decision followed significant market volatility, including a sharp rise in the 10-year Treasury yield to 4.45%, and a notable drop in consumer confidence . Despite the pause, the average effective U.S. tariff rate remains at 28%, the highest since 1901 . Major companies like Procter & Gamble and PepsiCo have warned of price increases due to higher import costs . President Trump has indicated that another extension of the tariff pause is unlikely, signaling a potential return to more aggressive trade policies .​