#TariffsPause

It seems there is significant development regarding tariffs. Here is a breakdown of what is happening:

* Trump's Announcement: On April 9, 2025, U.S. President Donald Trump announced a 90-day pause on the recently announced tariffs for most countries. During this pause, a "substantially reduced reciprocal tariff" of 10% will apply to these nations.

* China Exemption: This pause does not apply to China. In fact, President Trump announced an increase in tariffs on Chinese products to 125%, effective immediately.