Trump Pauses Most Tariffs, Excludes China

President Donald Trump has announced a 90-day pause on most global tariffs, excluding China, which saw its tariffs increased to 125%. This decision comes amid criticism from Republican lawmakers and pressure from various stakeholders, including financial markets that faced significant instability following initial tariff announcements. The pause offers a window for negotiations with over 75 countries, while China continues to face heightened trade tensions with the U.S. Despite this pause, tariffs on imports from Mexico and Canada remain unaffected. The stock market reacted positively to the announcement, rebounding after previous losses. Critics, including some from Trump's party, argue the tariffs and subsequent pause reflect chaotic and unpredictable trade policies.