#TrumpTariffs As of June 11, 2025, President Trump announced a new trade agreement with China, maintaining 55% tariffs on Chinese goods while China continues its 10% tariffs on U.S. imports. The deal includes China's commitment to resume rare earth exports to the U.S. and the U.S. allowing Chinese students entry, subject to certain conditions. [1][2]

Economists warn that these tariffs could reduce U.S. GDP by up to 1.2% in 2025 and increase inflation by approximately 1 percentage point, disproportionately affecting lower-income households. [3]

Despite the agreement, significant tariffs remain, and the full economic impact is yet to be seen.