President Donald Trump has announced a significant shift in U.S. trade policy, proposing a 90-day pause on tariffs for all countries except China, according to Watcher Guru.
This initiative aims to reassess and potentially renegotiate trade agreements to better serve American interests.
Background on Recent Tariffs
On April 2, 2025, President Trump declared a national economic emergency, introducing a two-tier tariff system.
Baseline Tariff: A 10% tariff applied universally to imports from all countries, effective April 5, 2025.
Reciprocal Tariffs: Additional tariffs targeting specific countries based on perceived unfair trade practices, set to begin April 9, 2025. For instance, imports from China were subjected to a 34% tariff, on top of existing levies.
Global Economic Impact
The announcement of these tariffs has already had a profound impact on global markets. Major indices worldwide have experienced sharp declines, with the S&P 500 entering bear market territory. Goldman Sachs has raised the probability of a U.S. recession to 45%, citing concerns over the trade policies’ effects on economic growth.
International Responses
In response to the U.S. tariffs, China has imposed a 34% tariff on U.S. goods and is considering further measures, including export restrictions on rare earth materials essential for high-tech industries. Other nations affected by the tariffs are exploring retaliatory actions, raising concerns about a potential global trade war.
Conclusion
The proposed 90-day pause in tariffs reflects an effort to recalibrate U.S. trade strategies amid mounting domestic and international economic pressures. As discussions continue, stakeholders worldwide are closely monitoring developments, anticipating policy adjustments that could reshape global trade dynamics.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/trump-reportedly-considers-90-day-pause-on-tariffs-amid-economic-fears/