#TariffsPause
US President Donald Trump announced a temporary suspension of tariffs on more than 75 countries for a period of 90 days, except for China, which saw an increase in tariffs to 125 percent. This decision came after concerns about the impact of tariffs on financial markets, where stocks experienced a significant rise following the announcement. Trump indicated that this suspension aims to create space for trade negotiations with the affected countries, while tariffs on specific industries such as steel, aluminum, and automobiles continue.