President Trump is hitting pause on new tariffs—for now. But don’t let that fool you. His latest executive order, signed Monday, keeps the door wide open for future trade actions, including potential taxes on goods from China, Canada, and Mexico. Instead of jumping straight into tariffs, the president is taking a more cautious approach. He’s directing federal agencies to dig into a long list of trade issues, from unfair practices to existing deals with key trading partners. This move could lay the groundwork for tariffs down the road, shaking up global supply chains and possibly sparking trade disputes. The order also calls for a closer look at how foreign governments are handling trade agreements signed during Trump’s first term. Plus, it explores the idea of creating a new “External Revenue Service” to handle tariff collections. One big focus? A loophole that lets low-value goods slip into the U.S. without tariffs. This has allowed a flood of Chinese products to avoid the hefty taxes Trump imposed during his first presidency. While tariffs aren’t happening immediately, Trump’s team insists he’s still a big believer in their power. For now, though, the world gets a brief reprieve from the threat of new trade wars. What’s next? Stay tuned as federal agencies dive into the details, and the possibility of tariffs looms on the horizon. ---