#TariffsPause US President Donald Trump has paused reciprocal tariffs for 90 days for most countries, except China, while maintaining a 10% baseline tariff on all imports. Here's a breakdown of what this means for various countries and industries:

Impact on Countries

- *India*: The 26% reciprocal tariffs on India will be paused, but the 10% baseline tariff remains in place. India is hoping to get a complete reprieve from reciprocal tariffs, including the baseline 10% tariff rate.

- *China*: Tariffs on China remain unchanged, with a total tariff rate of 125% due to China's retaliation to the reciprocal tariff.

- *European Union*: The EU's reciprocal tariff rate of 20% will be paused, and they'll only face the 10% baseline tariff.

- *Canada and Mexico*: Fentanyl tariffs remain unchanged, while USMCA trade is tariff-free. Non-USMCA trade is tariffed at 25%, except for energy and potash, which are tariffed at 10%.

Impact on Industries

- *Steel, Aluminum, and Auto*: Section 232 tariffs on these sectors remain unchanged, with 25% tariffs on imports.

- *Pharmaceuticals, Semiconductors, and Critical Minerals*: These sectors were exempted from reciprocal tariffs and will continue to be exempt until the White House announces a policy change.

- *Sectoral Carve-Outs*: Trump has warned that the US will apply tariffs to the pharma industry, so the exemption might not last long.