Citi: Trump's 90-day 'reprieve' on tariffs may not be as helpful as it sounds

Mars Finance News: Citigroup analyst Andrew Hollenhorst stated in a research report that the 90-day pause on imposing higher tariffs on most countries "is not as helpful as it sounds". "The suspension that does not include reciprocal tariffs for certain countries does not mean that the US economy has avoided a slowdown in growth and rising inflation," said the chief US economist. He noted that the 10% benchmark tariff, additional tariffs of 125% on most goods from certain countries, and industry-specific tariffs have increased the average effective tariff in the United States by approximately 21 percentage points compared to the level at the beginning of 2025. He added that "trade uncertainty will continue to exist".