#TariffsPause A tariffs pause refers to a temporary suspension or reduction of taxes imposed on imported or exported goods. Governments sometimes introduce a tariffs pause to ease inflation, encourage trade, support struggling industries, or improve diplomatic relations. During the pause, businesses benefit from lower costs, potentially leading to cheaper prices for consumers and a more competitive market. However, it can also hurt local manufacturers if imported goods flood the market at lower prices. Tariffs pauses are often used as negotiation tools in international trade discussions and can be either short-term or extended based on economic conditions.