#TariffsPause What happened:

Recently, the U.S. decided to pause or delay some new tariffs on Chinese goods.

This means no immediate new taxes on some imports — at least for now.

Why:

Inflation is still a problem — adding new tariffs could raise prices even more for U.S. consumers.

The U.S. also doesn’t want to spark a full-blown trade war right before a U.S. election.