$BTC In March 2025, Trump imposed a new series of tariffs: 10% base on all imports, 20–25% on Canada and Mexico, and extreme levels of up to 145% on Chinese products, triggering retaliations from Beijing and other countries.

In June, after negotiations in London, a partial reduction was agreed upon to 55% for China and 10% on U.S. imports, along with an agreement to reactivate rare earth supply from China.

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📉 2. Immediate macroeconomic effects

A long-term reduction of up to 6% in GDP is projected, including a 5% drop in the wages of middle-class families, according to econometric models such as the Penn-Wharton Budget Model.