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🇺🇸 BREAKING: Billionaire & @PanteraCapital CEO says the U.S. will sell gold and buy $600B in #Bitcoin soon! Follow Plz & Support us 📢 The biggest $BTC move in history loading?#BTC110KSoon?
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#TrumpTariffs 🇺🇸 U.S.–China Trade “Framework Deal” 55% U.S. Tariffs on China: Under a new deal—building on agreements reached in Geneva and London—the U.S. will impose 55% tariffs on Chinese imports, a mix of existing duties and new measures. China will keep its tariffs at 10% . Rare-Earth Minerals Inclusion: China has pledged to resume exporting critical rare-earth minerals to U.S. industries as part of the accord . --- 🔄 “Liberation Day” & Reciprocal Tariffs April 2 White House Plan: The so-called “Liberation Day” tariffs were introduced, including a baseline 10% global tariff and steep tariffs (up to 50%) on specific goods (e.g. autos, steel, aluminum) to counteract fentanyl trafficking and protect U.S. industries . Broad Sweep: These tariffs applied to imports from Canada, Mexico, China, the EU, and other nations, raising the overall U.S. average tariff rate from ~2.5% to around 15–27%, the highest in over a century . --- 🏛️ Legal Status & Court Rulings Appeals Court Decision (June 11): The U.S. Court of Appeals allowed the “Liberation Day” tariffs to remain in effect during ongoing judicial review, with oral arguments scheduled for July 31 . --- 🚧 Domestic & Global Impact Economic Effects: The Penn Wharton Budget Model projects long-term losses of ~6% of GDP and ~5% of household wages, with middle-income households facing lifetime reductions of ~$22,000 . Industry Pushback: Domestic manufacturers, especially in steel and autos, are struggling with rising input costs and supply-chain disruptions, prompting calls for exemptions . Global Retaliation: Canada, Mexico, and China have responded with counter-tariffs. The U.K. and EU face steep duties (25% on cars, steel, aluminum), dealing a sharp blow to their exports . Cultivating Certainty: Some sectors are cautiously welcoming clarity on tariff levels, though details remain opaque. Retailers warn of inevitable consumer price increases . --- 🔮 What’s Next? Deadline Approaching: The July 8–9 “Liberation Day” deadline looms—
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How have US tariffs affected the average Chinese person?#TrumpTariffs
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