#TrumpTariffs Here's a concise update on President Trump's tariff policies as of June 12, 2025:

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##🇺🇸 U.S.–China Trade Agreement##

President Trump announced a trade deal with China following negotiations in London. Under the agreement, China will supply rare earth minerals to the U.S. for six months. In return, the U.S. will lower tariffs on Chinese goods to 55%, while China will reduce its tariffs on U.S. goods to 10%. The deal also allows Chinese students continued access to American educational institutions.

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🌐 ##Global Tariff Strategy##

President Trump revealed plans to implement unilateral "take it or leave it" tariffs on U.S. trading partners within two weeks. He stated that formal notifications would be sent to affected countries, marking the end of extended trade negotiations. Trump emphasized that the U.S. had already secured trade deals with China and the UK, and that continued discussions with about 15 countries, including Japan and South Korea, were ongoing. However, he deemed negotiations with over 150 countries impractical.

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⚖️ Legal Developments

A federal appeals court ruled that the U.S. government cannot enforce tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The court found that the IEEPA does not grant the president unlimited authority to set tariffs. This decision temporarily blocks the enforcement of certain tariffs.

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📉 Market Impact

Following President Trump's announcement of a potential strategy to unilaterally set tariff rates for global trading partners, stock futures declined, and the U.S. dollar weakened. Investors expressed concern over the potential for escalating trade tensions and the impact on global economic stability.

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