#TariffsPause The President of the United States, Donald Trump, has announced a 90-day pause on reciprocal tariffs for most countries, except China. During this period, a base tariff of 10% will be maintained for all countries.
*Impact on different countries and sectors:*
- *India*: The pause implies the suspension of the 26% reciprocal tariffs, but the base tariff of 10% that came into effect on April 5 is maintained.
- *China*: The tariffs increased to a total of 125% due to retaliatory measures.
- *European Union*: The 20% reciprocal tariff rate is paused, but the base tariff of 10% is maintained.
- *Canada and Mexico*: Tariffs related to fentanyl remain unchanged.