#TariffsPause **🚨 Tariff Pause: 125% Tax on China, 90-Day Respite for Other Countries 🚨**

The Trump administration increased tariffs on China by **125%**, while 75+ countries were given **reliefs until July**. These taxes will apply to Chinese electronics, steel, and medicines. The **10% minimum tariff** from other countries was maintained.

**Market Impact:**

- S&P 500 down **3.4%** after rally

- Small companies (like Nintendo, Jaguar) suspended sales in the US

- Fears of rising prices for imported goods

**Political Reaction:**

- Democrats accused **insider trading**

- Janet Yellen called tariffs a "self-inflicted wound to the economy"

**Future:**

**Risk of **recession** if no deal is reached by July!