#TariffPause The #TariffPause refers to a temporary suspension of tariffs, which are taxes imposed on imported goods, particularly in the context of the ongoing US-China trade war. Here's what's happening ¹:

Key Developments

- *90-Day Pause*: President Donald Trump announced a 90-day pause on reciprocal tariffs for most countries, excluding China, to allow time for trade negotiations.

- *China's Stance*: China has refuted claims of ongoing tariff negotiations with the US and insists that the US must lift all unilateral tariffs for any resolution.

- *Tariff Rates*: Tariffs on Chinese goods remain high at 145%, while China has retaliated with 125% tariffs on US imports.

Potential Impacts

- *Reduced Costs*: A pause in tariffs could alleviate financial pressure on businesses and consumers, potentially leading to lower prices.

- *Supply Chain Stability*: Tariffs disrupt supply chains, and a pause can offer a period of stability, allowing businesses to plan and avoid further disruptions.

- *Opportunity for Negotiations*: A tariff pause can create a window for trade negotiations between countries.

Market Reaction

- *Crypto Market*: The tariff pause announcement led to a surge in crypto markets, with Bitcoin jumping 7.6% past $80,000.

- *Stock Market*: The S&P 500 saw a volatile session, with stocks trimming most of the day's advance as traders parsed the president's conflicting signals about the progress of tariff negotiations.

What's Next?

President Trump has indicated that another 90-day delay on higher tariffs is unlikely, raising pressure on nations to negotiate trade deals. Trump seeks substantial concessions from China, including opening its economy, but believes it's a non-starter. The situation remains uncertain, with potential impacts on global trade and economic stability ².