🛡️ TrumpTariffs Update 🇺🇸
President Trump’s sweeping trade actions remain front and center. Highlights:
🔸 New U.S.–China framework struck in London on June 10–11—with 55% U.S. tariffs on Chinese goods, China maintaining 10%, in exchange for rare-earth mineral exports and restored student visas .
🔹 Appeals court ruling on June 10 allows Trump’s broad tariff policies to stay in place during legal review—oral arguments now set for July 31 .
🔸 July 8 deadline looms: the 90‑day pause on “reciprocal” tariffs expires—but Treasury may extend for partners negotiating in good faith, the White House signals .
🔹 Meanwhile: steel & aluminum tariffs rise to 50% as of June 4 under Section 232 .
📣 Sound Off: Are these tariff moves protecting U.S. industries or risking a global trade spiraling? Share your perspective!