#TariffsPause President Donald Trump’s recent 90-day pause on certain tariffs, announced on April 9, 2025, marked a significant shift in U.S. trade policy. This decision came in response to a sharp market downturn triggered by the sudden implementation of “reciprocal” tariffs exceeding 10% on imports from most countries. The pause aimed to stabilize financial markets and provide a window for bilateral trade negotiations.  

However, on April 25, 2025, President Trump indicated that extending this tariff pause beyond the initial 90 days is unlikely. He emphasized a return to a more assertive trade stance, particularly targeting China, which continues to face a 145% tariff on its exports to the U.S.  

Treasury Secretary Scott Bessent has become a central figure in these trade negotiations, engaging with countries like India, South Korea, and Japan. Despite receiving 18 written trade proposals from various nations, the administration insists on thorough negotiations without rushing into agreements.  

The global response to these developments has been one of concern. At the recent IMF and World Bank meetings, officials expressed unease over the unpredictability of U.S. trade policies, fearing potential disruptions to global economic stability. 

Domestically, the situation has sparked controversy. Senator Elizabeth Warren has called for an investigation into Treasury Secretary Bessent’s alleged disclosure of sensitive trade information at a private Wall Street event, raising concerns about potential insider trading. 

As the July 8 deadline for trade negotiations approaches, the future of U.S. tariffs remains uncertain. While the current pause offers a temporary reprieve, the administration’s stance suggests a readiness to reimpose tariffs if favorable trade deals are not secured.