It is a method of suspending or pausing customs duties on certain goods or services between two or more countries.

This usually happens during:

Trade negotiations (for example, if they are preparing a new agreement).

Economic crises (to ease the burden on markets).

Or with the aim of encouraging trade between specific parties.

Example:

If two countries decide to halt the trade war, they might announce a "pause" on tariffs, meaning temporarily they will not impose additional taxes on each other's goods.

#TariffsPause