Following former President Trump's decision to abandon the imposition of higher tariffs, short-term economic prospects have improved considerably. Global markets, initially shaken by the prospect of trade disruptions, have stabilized, with major indices showing modest gains. The retreat from aggressive tariff hikes has alleviated fears of retaliatory measures from key trading partners, fostering a renewed sense of confidence among investors and businesses. In the U.S., industries reliant on international supply chains, such as manufacturing and agriculture, are experiencing relief, with reduced risks of cost spikes and job losses. Consumer sentiment is also improving as the threat of higher prices for imported goods diminishes. While uncertainties remain, this de-escalation has created a more favorable environment for growth in the coming months, encouraging cautious optimism across sectors. The move underscores the delicate balance of trade in sustaining economic momentum.