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President Trump temporarily paused most newly imposed tariffs on numerous countries for 90 days, citing over 75 countries' willingness to negotiate trade issues. This decision followed market turmoil and pressure from investors. However, tariffs on China remain at 125%, and a 10% baseline tariff on all imports continues. The pause allows for individual negotiations, with the White House aiming for bespoke deals. The EU also paused retaliatory tariffs, while the trade war with China continues to escalate.

Prepared by Christopher Adams and reviewed by editorial team.