#TariffsPause
US President Donald Trump has announced a pause on certain tariffs for 90 days, excluding China, to allow trading partners to negotiate deals. Here's what's happening :
- *Tariff Pause*: The 90-day pause applies to most countries, with a uniform tariff rate of 10% on imports from these nations.
- *China Excluded*: China faces increased tariffs, currently at 145%, due to ongoing trade tensions.
- *Baseline Tariff*: A 10% baseline tariff remains in place for all countries, including India, during the pause.
- *Sectoral Carve-Outs*: Certain sectors like pharmaceuticals, semiconductors, and critical minerals are exempt from reciprocal tariffs.
- *Negotiations*: The pause aims to facilitate negotiations and potentially lower trade barriers, but uncertainty remains about long-term implications.
Trump has expressed doubts about extending the tariff pause beyond the initial 90 days, seeking substantial concessions from China. The situation continues to evolve, impacting global markets and trade relations.