#TariffsPause “TariffsPause” refers to President Donald Trump’s 90-day suspension of additional tariffs beyond a base 10% rate, announced on April 9, 2025. This pause excluded China, which faced increased tariffs. The decision followed market turmoil, including a sharp rise in 10-year Treasury yields to 4.45%, indicating investor concern over the economic impact of the tariffs. While the pause provided temporary relief, consumer sentiment remained low, with expectations of 6.5% inflation over the next year. President Trump has indicated that another extension of the tariff pause is unlikely, emphasizing the need for substantial concessions from trade partners, particularly China.