Businesses now face a persistent state of tariff unpredictability, according to Pacheco.

In a recent turn of events, President Donald Trump has suspended the imposition of reciprocal tariffs on most countries for another 90 days. However, this suspension does not affect the high tariffs on metal imports or the increased tariffs on goods from China.

The tariffs on Chinese goods were initially increased to 125% from 104%, but the tariffs on Chinese imports were later suspended for another 90 days. This suspension provides more time for negotiations, but the tariff issue continues to sow disruption in the business world.

Besides China, the countries affected by the temporary import tariffs include all countries worldwide, due to a general 10% reciprocal tariff applied to imports from all countries starting April 5, 2025. Higher individual tariffs are planned for nations with large U.S. trade deficits, except for Canada and Mexico, which are exempt under USMCA. The planned 30% tariffs on imports from the European Union starting August 1, 2025, exclude sectors already subject to specific tariffs like steel, aluminum, and automobiles.

Tariffs on metal imports remain high, and the Newsletter, a subscriber-only service, provides narrative coverage of local trends, industry news, and key economic updates to help subscribers navigate these challenging times. The Newsletter is designed to go beyond headlines and keep subscribers informed.

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It's important to remember that tariffs are a tax that American companies and citizens pay on imports. This can lead to increased costs for businesses and consumers, potentially slowing economic growth and causing inflation.

As the tariff situation continues to evolve, staying informed is crucial. The Newsletter aims to provide the latest updates and insights to help subscribers make informed decisions.