#TariffsPause

The term "TariffsPause" refers to a temporary suspension or reduction of tariffs, which are taxes imposed on imported goods and services between countries. This pause aims to promote international trade, alleviate economic tensions and facilitate trade negotiations.

*Recent Developments:*

- The US and China have made some moves to ease trade tensions. China has lifted its 125% tariffs on certain US imports, while the US has announced a 90-day pause on most proposed "reciprocal" tariffs, excluding those targeting China.

- US President Donald Trump stated that the 90-day tariff pause is unlikely to be extended, and tariffs on China will remain unless Beijing makes "major concessions".

*Impact on Markets:*

- The pause has brought relief to global stock markets, with the EU pausing its retaliatory tariffs on US goods.

- Export-heavy sectors might see a rally, and emerging markets could benefit from lower pressure on imports.

- However, caution is key as tariffs could snap back anytime if negotiations falter.

*Cryptocurrency Connection:*

- On Binance, "TariffsPause" also refers to temporary reductions or suspensions of trading fees, aiming to boost trading activity, enhance liquidity and offer users cost-saving opportunities.¹ ²