#TrumpTariffs
š Global markets react to rising trade tensions š
President Trump has imposed a **total tariff of 55% on Chinese goods**, combining the newly announced taxes and existing tariffs. Although a **framework agreement** was reached with China during talks in London, the lack of clear details leads to uncertainty in global markets.
ā Rare earths & magnets:
China has agreed to supply critical materials immediately, but only for a **limited period of six months**.
ā Deadline for tariff suspension:
The current 90-day suspension of the most severe tariffs is set to expire on **July 9**, with ongoing negotiations involving 18 major trading partners.
ā Economic impact:
Countries like the United Kingdom are already feeling the repercussions, facing significant declines in exports and tightening economic conditions.
š¬ Will this move strengthen the influence of the United States or deepen global economic pressure?