Many brands, retailers and shoppers are breathing a sigh of relief following President Donald Trump ’s latest tariff announcement.

With just hours before a three-month suspension of triple-digit tariffs on China was set to expire, the president opted to extend the pause , instead maintaining a baseline tariff rate of 30 percent on products shipped into the United States.

While the last-minute about-face will save importers from paying the bulk of the duties (set in April at the astronomically high rate of 125 percent ) for at least 90 more days, neither they — nor their consumers — are getting off scot free. The 30 percent rate set forth by the administration is still among the highest of any of America’s global trading partners, and its impact is underscored by U.S. companies’ c

See Full Page