Of course, here is a brief summary of what is happening around #TrumpTariffs:

🔹 New Agreement with China:

A preliminary framework has been reached between the United States and China regarding the export of rare metals from China, while maintaining a 55% US tariff on Chinese imports.

🔹 Extensive Tariff Escalation:

Trump imposed new tariffs ranging from 10–50% on products from China and Europe, raised tariffs on steel and aluminum to 50%, and threatened to impose tariffs on smartphones.

🔹 Ongoing Legal Battle:

US courts are witnessing a dispute over the legality of the tariffs; a final decision is expected on July 31.

🔹 Economic Concerns:

Markets are unsettled, and Elon Musk warns of a potential recession by the end of 2025. While tariffs may reduce the financial deficit, they could negatively impact consumers.

📅 Upcoming Important Dates:

July 8: End of the cooling-off period in the trade war

July 31: Federal court session to rule on the legality of the tariffs

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