In a major move aimed at boosting ongoing international trade negotiations, President Trump has authorized a 90-day pause on tariffs for over 75 countries currently engaged in cooperative trade talks with the United States.
The announcement includes a temporary reduction in the Reciprocal Tariff rate to 10% during this period, a significant shift intended to ease tensions and encourage economic collaboration.
According to administration officials, the decision is part of a broader strategy to foster goodwill with trading partners and to accelerate progress in long-standing trade disputes. The 90-day window offers a unique opportunity for nations to finalize agreements and work toward more balanced and mutually beneficial trade frameworks.
While the temporary pause is being welcomed by many U.S. allies and global markets, some domestic critics argue it may weaken the leverage needed to secure tougher trade concessions. Still, supporters say the move reflects a calculated step to rebuild trust and spur global economic momentum.
Further updates are expected as negotiations continue.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/president-trump-approves-90-day-tariff-pause-for-trade-allies/