#TrumpTariffs

In the latest developments regarding Trump's tariffs, the situation remains complex and subject to court decisions:

* Tariffs in effect: A federal appeals court allowed the government to continue imposing Trump's import tariffs while legal challenges to his trade policy are ongoing. This decision extends a previous ruling, and arguments in the case will be heard on July 31. The tariffs in question include a 10% fee on almost all countries imposed in April, as well as other higher tariffs that have been suspended and those imposed on China, Canada, and Mexico to pressure the containment of the flow of immigrants and opioids.

* Legal challenge: Trump's tariff policy, which invokes emergency powers under a 1977 law, was initially contested by a panel of judges from the U.S. Court of International Trade, which found that the president had exceeded his authority.

* Negotiations with China: Recently, the U.S. and China reached a "framework agreement" in London to ease the trade war. According to Trump, this agreement stipulates that Chinese tariffs on U.S. products remain at 10%, while U.S. tariffs on Chinese products will be at 55%. This agreement still needs to be formalized by Trump and Xi Jinping.

* Basis of the tariffs: Trump has justified the tariffs as a way to protect the American industry, attract factories back to the U.S., and pressure other countries. He imposed 10% tariffs on most countries and higher tariffs on nations with large trade deficits with the U.S. Additionally, he applied tariffs on goods from Canada, Mexico, and China, citing concerns over illegal immigration and the flow of fentanyl.

* Impact and criticism: Trump's tariffs have generated uncertainty in global markets and concerns about their economic effects. Economists warn that they could lead to higher costs for consumers and businesses, as well as reduce GDP.