Why Trump Paused Tariffs for 90 Days
April 13, 2025
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1:27Now PlayingWhy Trump Paused Tariffs for 90 Days
YouTube Description
as posted by the channelFor weeks, President Donald Trump has plowed ahead with plans to impose steep new tariffs on imports despite warnings that the policy could trigger economic chaos. On April 9, after a multiday plunge in global stock markets, he changed course.
In a social media post, Trump said that a set of tariffs on imports from many of America’s largest trading partners had been paused. The announcement came only 13 hours after the duties had gone into effect. Trump indicated that turmoil in the financial markets following the implementation of the tariffs played a role in his decision.
Trump announced a 90-day pause on what the administration has termed “reciprocal” tariffs on imports from almost 60 countries and the European Union. The tariff levels were customized to each trading partner and corresponded to the size of their trade surplus with the US.
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