#TrumpTariffs

On May 13, 2025, the U.S. 🇺🇸 and China 🇨🇳 sealed a 90-day tariff truce, slashing U.S. duties on Chinese imports from 145% to 30% 💰 and China’s counter-taxes from 125% to 10%. China’s PMI sank to 49.0 in April 📉, signaling trade woes, with exports fading after a 12% spike in March. U.S. markets surged, with the S&P 500 up 3.3% 🚀. The de minimis levy on small Chinese packages fell to 54%. Negotiations continue to ease tensions. “Jinshi data” likely means Chinese economic stats. Tariffs still threaten U.S. growth 📈 and consumer costs.#TrumpTariffs