#TariffsPause has become a central theme in global trade policy in April 2025. President Trump announced a 90-day suspension on reciprocal tariffs for most countries, maintaining a base tariff of 10%, while China faces elevated tariffs of 125% due to ongoing trade tensions.

This pause has generated relief in Asian markets, with significant increases in indices like the Nikkei and the Kospi. However, Trump dismissed an additional 90-day extension, indicating a possible resumption of tariffs in July.

In North America, tariffs on products from Mexico and Canada under the USMCA have been postponed until April 2, following discussions with leaders from both countries. The European Union also agreed to temporarily suspend its trade dispute with the U.S., delaying tariffs on steel and aluminum until March 2025.

This period of pause offers an opportunity for renegotiations, but uncertainty persists about the future of tariff policies and their impact on the global economy.