The hashtag #TariffsPaus use is currently trending due to significant developments in global trade and cryptocurrency markets. Here's an overview of the key events and their implications:
Global Trade Developments:
On April 9, 2025, U.S. President Donald Trump announced a 90 day suspension of most new tariffs, aiming to alleviate economic pressures and stabilize markets. However, this pause excludes China, which continues to face elevated tariff rates of up to 125% on certain imports. This move is intended to encourage diplomatic negotiations and provide temporary relief to businesses affected by high trade costs.