#TariffsPause On April 9, 2025, President Donald Trump announced a 90-day pause on most U.S. tariffs, with the notable exception of China, whose tariffs were increased by up to 145%. This decision came after marked volatility in the financial markets, especially in the bond market, where the yield on the 10-year Treasury bond reached 4.45%, its highest level since January. Although Trump denied that these movements influenced his decision, officials such as National Economic Council Director Kevin Hassett suggested that the market reaction accelerated the implementation of the tariff pause. However, on April 25, Trump indicated that another 90-day pause is unlikely, signaling a possible return to a more aggressive stance in trade policy. This shift reflects the persistent tensions in trade negotiations, especially with China, which has responded with 125% tariffs on U.S. products.