A positive piece of news is the temporary 90-day postponement applied to some of the highest tariffs recently announced by the United States. This momentary interruption, in effect until July, provides temporary relief to 59 territories, including nations like Vietnam, Sri Lanka, and the countries of the European Union. Although the minimum tariff of 10% persists, this pause in the higher rates moderates the initial impact and represents a calm for the affected economies that depend on exports to the U.S.
This delay triggered a positive reaction in financial markets, generating a relief rally in stock exchanges. While the overall trade situation with the U.S. has changed drastically with the imposition of the base tariff of 10% and the unilateral breaking of previous agreements, this pause in the more severe rates offers a much-needed window of opportunity for many countries in the current global trade scenario.