#TariffsPause The US government recently announced a 90-day pause on certain tariffs imposed on imported goods from most countries, excluding China. Here's what you need to know ¹:

- *Tariff Basics*: Tariffs are taxes on imported goods, typically paid by distributors who transport goods into the country. These taxes can increase prices, reduce demand, and potentially harm trade relationships.

- *New Tariffs*: The US imposed a base tariff of 10% on imported goods from most countries, with higher tariffs on specific countries listed in Annex I of the announcement.

- *90-Day Pause*: The pause applies to additional tariffs beyond the 10% base rate for countries listed in Annex II, excluding China. This pause aims to facilitate negotiations without triggering retaliatory tariffs.

- *Impact on Companies*: The tariffs and pause will affect companies differently, depending on their reliance on imported goods or foreign markets. Publicly-trading companies may face pressure to disclose the impact of tariffs on their business.

*Key Points to Consider:*

- *Uncertainty*: The pause creates uncertainty about future tariff rates and potential retaliatory actions from other countries.

- *Negotiations*: The US government is engaged in negotiations with affected countries, which may lead to changes in tariff rates.

- *Exceptions*: Some products, like oil, copper, pharmaceuticals, semiconductors, and lumber, are exempt from tariffs or may be subject to separate tariffs.

Keep in mind that the situation is dynamic, and updates on tariffs and negotiations will likely be announced in a staggered manner.