#TrumpTariffs

🔔 Update – June 12, 2025:

The Federal Court of Appeal issued a temporary ruling that keeps Trump's tariff definitions in effect until the next hearing on July 31.

In a related development, Trump announced reaching a "preliminary agreement" with China that includes:

Continuing a 55% tariff on Chinese imports.

Reducing Chinese tariffs on American goods.

A Chinese commitment to supply rare minerals and facilitate visa grants for Chinese students.

📌 Summary:

Tariffs still represent a strong political and economic tool in Trump's hands, and the agreement with China could be the beginning of easing trade tensions... or the prelude to a new round of escalation, depending on upcoming developments.