President Trump is pushing forward with tariffs as part of a new U.S.–China trade deal announced today. Imports from China will now face a 55% tariff, while China will impose 10% on U.S. goods—part of a reciprocal framework including rare‐earth concessions and student exchange terms
Steel and aluminum tariffs have doubled to 50% as of June 4
The U.S. court has upheld these tariffs during ongoing litigation, extending their enforcement into late July
Meanwhile, U.S. average tariffs on all Chinese goods are around 51.1%, with China’s averaging 32.6%
With May’s CPI at 2.4% and market volatility rising, this aggressive trade stance aims to shield critical industries even as global economic headwinds persist.