🇺🇸 President Trump announced a new trade 'framework' with China on June 11, claiming the deal is 'done' — but the final point is expected after approval from Xi Jinping. In return, the U.S. will not lift tariffs — the overall level is 55% (10% basic + 20% for fentanyl + 25% old tariffs), China maintains 10% for American goods.
🔁 The plan also includes the resumption of rare earth metal exports from China and the removal of the threat of visa restrictions for Chinese students.
⚖️ But, attention: the U.S. appeals court has suspended attempts to lift the tariffs, so 55% remains in effect until July, and hearings are scheduled for July 31.
📉 What this means for the markets:
Inflation in the U.S. is holding at around 2.4–2.8%, while the increase in tariffs has not yet led to a sharp spike in prices.
However, key sectors (clothing, textiles, steel, aluminum) have already raised prices, and consumers are paying more—average housing price increase is already around 17%.