#TariffsPause A tariff pause is a temporary suspension or reduction of import or export duties on specific goods. Governments often implement tariff pauses to stabilize prices, support industries, or ease supply shortages. By lowering costs for businesses and consumers, these pauses can stimulate economic activity and improve trade relations. They are usually time-bound and target particular sectors or products. While tariff pauses can benefit domestic markets, they may also lead to increased competition for local producers. Policymakers must balance short-term advantages with long-term economic goals when deciding on such measures. Overall, a tariff pause is a strategic tool in trade policy.