The post Trump Reportedly Considers 90-Day Pause on Tariffs Amid Economic Fears appeared on BitcoinEthereumNews.com.

Economy ​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.​ Source 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.​ Author 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…

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Filed under: News - @ April 7, 2025 2:29 pm