#TrumpTariffs New tariff offensive: Former President Donald Trump announced that he will send letters to about 15 countries (including Japan, South Korea, and the EU) imposing unilateral trade conditions with a deadline of July 9.

Legal battles: A federal appeals court allowed the tariffs to remain in effect while legal challenges continue. A key hearing is expected on July 31.

🌏 2. Trade with China and other countries

Provisional agreement with China: In London, a temporary agreement was established: China will resume the export of rare earths and the U.S. will lift some visa restrictions. However, a 55% tariff on Chinese products remains in place.

Cars under scrutiny: Trump warned that he could increase tariffs on imported cars to incentivize domestic production.

📉 3. Economic impact

Markets and inflation: The threats of tariffs caused the dollar to fall to its lowest level in 3 years. Stock markets initially fell but then recovered slightly.

Lower growth: The World Bank lowered its growth forecast for the U.S. in 2025 to 1.4%, citing tariff policy as a major factor.