#TariffsPause
This refers to the decision by U.S. President Donald Trump in April 2025 to temporarily suspend for 90 days the increase of tariffs on most U.S. trading partners, excluding China. This decision came after a sharp decline in financial markets and pressure from bond investors. During the suspension period, the base tariffs remained at 10%, while tariffs on Chinese imports were raised to 145%. The aim of this suspension is to provide an opportunity for negotiations with other countries, while Trump insisted that China must make 'substantial concessions' before any easing of tariffs.
