Trump’s 90-day tariff pause is a welcome decision, but market uncertainty still looms: CEI analysis

On Wednesday, President Trump announced a pause on most of his “Liberation Day” tariffs. CEI senior economist Ryan Young says the president has already done a lot of damage, and this pause does not undo it:

“President Trump will never admit a mistake, but he can change his mind. It is a relief that he has done so, but he has already done a lot of damage, and this pause does not undo it.

“Trump’s ten percent universal tariff remains in place, and China tariffs in excess of 100 percent remain in place. These will continue to raise prices, and uncertainty will continue to paralyze long-term investment.”

“Speaking of uncertainty, will these tariffs, which were announced just a week ago, come back in 90 days? Nobody knows, likely including the president.

“Markets want stability. Congress can provide it by taking back the tariff-making power it delegated to the president. Trump will not use those powers responsibly, and he is not going to change. Congress must take away his keys.”