#TrumpTariffs

refers to the latest round of trade tariffs imposed by former U.S. President Donald Trump on various countries, particularly China, Canada, and Mexico. These tariffs have sparked global economic debates, affecting markets, inflation, and trade relations.

Key Developments:

Tariff Increases: Trump raised China’s tariff rate to 145%, while imposing 25% tariffs on Canada and Mexico.

Economic Impact: The tariffs have led to higher prices for appliances, disrupted auto supply chains, and raised concerns about battery industry growth.

Trade Negotiations: The U.S. and China have reached a temporary trade deal, easing some restrictions on rare earth minerals.

Market Reactions: Bitcoin surged past $108,000 amid economic uncertainty, while traditional markets fluctuated.