#trumpterrifs
🛑 Appeals Court Keeps Tariffs in Place (for now)
A U.S. appeals court ruled on June 10, 2025, that the broad “Liberation Day” and other Trump-era tariffs remain enforceable while legal challenges continue . A full 11-judge panel will hear the case on July 31, meaning the tariffs will legally stand at least until then.
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What's Being Taxed & Why It Matters
Global 10% tariff baseline on most imports, plus higher rates targeting China, Canada, Mexico, and others under emergency powers is still active .
On June 4, steel and aluminum tariffs were doubled:
From 25% to 50% for most countries 🇺🇸
The UK gets a 25% rate due to a special pact .
These moves are reshaping supply chains—raising costs for manufacturers, exporters, and ultimately consumers .
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🌐 International Response & Spillover Effects
Ongoing U.S.–China trade framework talks in London aim to ease tensions—but the tariffs remain a major flashpoint .
Canada, Mexico, and the EU have pushed back, triggering WTO disputes and exploring countermeasures .
Meanwhile, a bipartisan Trade Review Act is being debated in Congress to reassert legislative control over any future tariffs .
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⚠️ Market & Economic Impact
Tariff revenue surged—up 78% year-over-year, totaling nearly $69 billion in the first five months of 2025, adding to inflation pressures .
Markets remain jittery. Businesses are grappling with shifting costs, supply chain disruptions, and lingering legal uncertainty .
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✅ Bottom Line
Tariffs remain in effect through mid-summer at least.
Legal fate awaits with a key court hearing set for July 31.
Trade negotiations and international reactions continue—but meaningful relief is not yet in sight.
Consumers and businesses are paying for now—via higher prices, supply delays, and economic tension
