#TariffsPause

Tariff Break*: This break applies to additional tariffs beyond the basic 10% tariff imposed on most countries. This means that the basic tariff still applies.

- *Exceptions*: China is excluded from this break and will continue to face higher tariffs, which have recently increased to 125%. Canada and Mexico are also not included in this break due to ongoing negotiations.

- *Impact*: This break aims to facilitate negotiations with other countries without triggering retaliatory tariffs. However, there is still uncertainty about the final tariffs and the potential impact on businesses and consumers.

- *Economic Impact*: These tariffs are expected to burden American households by about $4,600 per year, with price increases for electronics, cars, clothing, and other goods. Some businesses may delay investments or postpone orders due to uncertainty. Donald Trump suggested that another delay for the higher "reciprocal" tariffs is unlikely, increasing pressure on countries to negotiate trade deals with his administration.

When asked about the possibility of granting another 90-day break, Trump called that scenario "unlikely," while speaking to reporters aboard Air Force One on Friday. Trump also stated that he would not lower tariffs on China, the world's second-largest economy, unless Beijing offered "something substantial" in return.