The pause in tariffs #TariffsPause announced by Trump implies a temporary suspension for 90 days of high reciprocal tariffs for almost 60 countries, reducing the overall rate to 10% for those countries, but excluding China, whose tariff was increased to 125% and then to 145% in some reports).
This measure was received with relief in financial markets, but in reality, it has a limited impact because:
The minimum tariff of 10% remains in effect for all countries, affecting even partners with free trade agreements like Australia and South Korea.
Many high tariffs, such as the 25% on cars, steel, and aluminum, remain unchanged.
The escalation of tariffs against China continues, intensifying the trade war.