#TariffsPause

Numerous other tariffs Trump has announced since returning to the White House remain in place and are not affected by the pause.

That includes:

25% tariffs on all car imports to America, including from the UK25% tariffs on steel and aluminium imports, including products made from these metals25% tariffs on many imports from Mexico and Canada.

In big picture terms, economists warn the extent to which the pause actually changes the direction of overall US trade policy should not be exaggerated.

Bloomberg Economics has calculated the US's average tariff on all its imports was set to go to 27% before the pause, the highest in more than 100 years.

And after the pause they estimate it will rise to 24%, still the highest in a century.

The pause on some tariffs has made relatively little difference for two reasons.

First, because the 10% universal rate on all US imports still applies.

Second, because of the president's simultaneous hike, alongside the pause, in the tariff rate imposed on all imports from China, from 104% to 125%.

The US imported $440bn (£340bn) of goods from China in 2024, according to official US data.

That still represented around 13% of all US goods imports.