#TariffsPause The US government recently announced a 90-day pause on certain new tariffs, specifically those exceeding the base rate of 10% on imported goods from most countries, excluding China. This pause aims to facilitate negotiations with affected countries.

*Key Details:*

- *Pause Duration*: 90 days

- *Tariff Rate*: Base rate of 10% on imported goods

- *Excluded Countries*: China, Canada, and Mexico (subject to separate negotiations)

- *Affected Goods*: Most imported goods, with exceptions for energy products, copper, pharmaceuticals, semiconductors, and lumber

*Impact on Companies:*

- Companies relying heavily on imported goods may face increased costs and uncertainty

- Publicly-trading companies may need to disclose tariff impacts in quarterly reports

- Uncertainty about future tariffs may affect business decisions and investments

*Next Steps:*

- Negotiations with affected countries will determine future tariff rates

- Tariff rates may change on a case-by-case basis after the 90-day pause

- Outcome of negotiations will likely be announced in a staggered fashion¹