This Wednesday, President Donald Trump announced that he will send letters to trade partners in the coming weeks to establish unilateral tariffs. He also confirmed that the U.S. and China have agreed on a framework to ease trade tensions, although final approval is still pending.

Trump mentioned that tariffs on Chinese products will rise to 55%, adding to previous tariffs. Additionally, an appeals court allowed current tariffs to remain in effect while a legal case regarding their validity is resolved. #TrumpTariffs