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Trump Halts New Tariffs Amid Trade Deal Talks:
President Trump has announced a 90-day pause on his newly imposed "reciprocal" import tariffs, which varied by country, just hours after they were implemented. This pause, which takes effect immediately, will still see a base 10% tariff remain. Trump stated that the delay is due to numerous trade deal requests from over 75 countries.
Treasury Secretary Scott Bessent explained that these trade agreements will require customized solutions and time to finalize, hence the temporary suspension of the full tariff plan.
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