#TrumpTariffs $BTC

Latest developments on Trump's tariffs today, June 12, 2025:

The trade deal between the United States and China and tariffs:

* President Trump announced that talks with China aimed at easing trade tensions have resulted in a "deal." Reports indicate that this deal includes China's agreement to provide American companies with magnets and rare minerals.

* It is reported that the United States will backtrack on threats to cancel Chinese student visas.

* While details are limited, officials stated that this agreement will not change the outlines of the truce made in May, which reduced new tariffs but did not eliminate them.

* Under this new framework, Trump stated that American tariffs on Chinese goods will remain at 55%. This figure includes tariffs from his first term. Chinese tariffs on American imports are currently at 10%.

* The previous agreement in May had reduced American tariffs on Chinese products from 145% to 30%, with Beijing reducing tariffs on American imports to 10% and promising to remove barriers on critical mineral exports, with a 90-day deadline to finalize a trade deal.

The broader landscape of tariffs and legal challenges:

* President Trump indicated that he will set tariff prices