Trump Pauses Tariffs for 90 Days Amid Economic Concerns

Amidst a backdrop of economic uncertainty, President Donald Trump announced a 90-day pause on higher tariffs for most countries while maintaining a 10% baseline tariff. This pause is seen as a negotiation tactic, although tariffs on China remain heightened at 125%. Economists express cautious optimism about the pause, noting it could alleviate some inflationary pressures on consumers, especially as the DOW surged nearly 3,000 points in response. However, concerns persist regarding the potential impact of ongoing tariffs on the prices of imports such as electronics and clothing. Surveys indicate that many Americans remain anxious about job security and economic stability, especially with the looming threat of renewed inflation due to tariffs. The overall economic landscape remains precarious as the true effects of these policy changes unfold.