### **Tariff Updates (Tariffs Pause) - April 26, 2025**
In light of the ongoing **temporary pause on tariffs** announced by former U.S. President Donald Trump, the economic landscape is witnessing new developments today, April 26, 2025, where:
1. **Extension of Talks with the European Union**:
- The current U.S. administration has announced an extension of negotiations with the European Union for **an additional two weeks** after the original deadline (90 days) nears its end.
- The goal is to avoid the return of tariffs on German cars and French agricultural products.
2. **New Escalation with China**:
- China has refused to reduce its tariffs on U.S. imports, prompting the White House to **threaten to impose an additional 15% tariff** on Chinese electronics by May.
- Shares of major tech companies like **Apple and Nvidia** have fallen by **3-5%** due to fears of a new trade war.
3. **Impacts on Emerging Markets**:
- Countries like **Mexico and India** have benefited from the temporary pause, as their exports to the U.S. have increased by **7%** since February.
- However, warnings of an **economic contraction** in the event of resumed tariffs still persist.
4. **Expert Reactions**:
- The International Monetary Fund warns that **continued uncertainty** could reduce global growth to **2.1%** in 2025.