#TariffsPause The pause reduced tariffs to 10% for most nations, with over 75 countries reaching out to negotiate trade deals, aiming to avoid higher duties. However, China faced a 145% tariff due to perceived retaliation, escalating tensions. The pause has sparked mixed outcomes: India reported a surge in export orders, while U.S. businesses, particularly small firms, grapple with uncertainty, pausing mergers and acquisitions. Critics argue the tariffs lack congressional approval, prompting lawsuits from 12 states led by New York. Trump denies market pressures influenced the pause, insisting on strategic negotiations. Yet, the temporary reprieve has not clarified long-term trade goals, leaving global markets and businesses in limbo as the July deadline looms, with potential for renewed tariffs if deals falter.