🇺🇸 1. U.S.–China Deal: Tariffs Remain High (≈55%)

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2. Broader “Liberation Day” Tariff Policy

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3. Legal Battle Over Authority

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4. Market & Economic Effects

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5. What’s Next?

🤔 Summary

Trump’s 2025 tariff regime remains active and expansive, with an interim U.S.–China deal preserving high duties, legal authorizations temporarily upheld, and negotiations continuing with other trade partners under possible deadline extensions. Economic impacts are mixed: inflation remains muted, but smaller businesses are feeling the brunt.

Let me know if you’d like a breakdown of how specific industries are affected, details on other country-specific tariffs, or updates on the legal case timeline.