Trump pauses tariffs, UK, NI respond cautiously

President Trump announced a 90-day suspension of higher tariffs for most nations, while raising tariffs on Chinese imports to 125%. This move has minimal impact on Australia, as its tariff rate remains unchanged at 10%, which is already the lowest. The UK government expressed intentions to continue negotiations calmly, emphasizing that a trade war is not in anyone's interest. In Northern Ireland, businesses are bracing for consequences from the tariffs, with the local Chamber of Commerce urging politicians to respond strategically to navigate the uncertainty. Northern Ireland's unique position in the EU single market complicates matters, as it may have to impose EU tariffs on US imports. The situation remains fluid, with government officials indicating a cautious approach to assessing the overall impact of these tariffs.