#TrumpTariffs After two days of negotiations in London (June 10–11, 2025), the United States and China reached a temporary agreement to suspend the trade war:

• The U.S. maintains a total tariff of 55% on imports from China (including a 25% old tariff, an additional 20% due to fentanyl, plus 10%)

• China imposes a 10% tariff on U.S. goods    

• The White House states this is a ceasefire, not a final agreement, and all terms still require approval from Trump and Xi Jinping

• Temporarily, rare earth goods have been agreed to be exported again by China

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2️⃣ Other tariffs are still in effect

• A 10% basic tariff on global imports (referred to as “Liberation Day tariffs”), effective from April 5, 2025

• A 25% tariff on cars and parts, effective from early May

• A 25% tariff on steel and aluminum continues under Section 232

• An additional 20% tariff from fentanyl sanctions, applied alongside other rates when related to China

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3️⃣ Legal and disputes

• A federal appeals court has just allowed the continued collection of tariffs while awaiting a ruling on the “Liberation Day tariffs” under the IEEPA. The official hearing will take place on July 31, 2025

• Businesses and states are suing, claiming the President does not have the unilateral authority to impose tariffs via IEEPA – a lower court had previously concluded this order exceeded legislative authority, but was stayed by the appeals court.

The U.S.–China trade war is temporarily easing, with both sides conceding on tariffs and rare earths.

• The legal situation remains tense: the court may rule that most of the tariffs imposed under IEEPA are illegal, but no final judgment has been made.

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