#TrumpTariffs

June 12, 2025

🇺🇲The tariff policies of the Trump administration continue to be a focus of global attention. On June 11, a U.S. appeals court ruled in favor of keeping Trump's tariffs in effect while a legal battle is resolved. This follows a May 2025 decision from the International Trade Court that deemed some of these tariffs illegal.

The U.S. Treasury has indicated that it is "very likely" that the current pause on some more aggressive reciprocal tariffs, set to expire on July 9, will be extended to allow trade negotiations to continue. However, Trump has stated his intention to establish unilateral tariff rates with trading partners in the next one or two weeks, with a deadline of July 9 to reintroduce higher tariffs globally if agreements are not reached.

🇨🇳Regarding China, an agreement on rare earths was announced, although details are limited. Tariffs on Chinese products are expected to remain at 55%, according to Trump’s statements, although this would include tariffs from his first term. Tariffs on certain Chinese goods were temporarily reduced to 30% starting May 14, 2025, for 90 days, but the de minimis exemption for goods of Chinese origin remains eliminated.

🤨👉🏻The most recent resistance to the tariffs has been the ongoing legal appeal that has allowed them to remain in place for now, as well as pressure to delay the July 9 deadline for reintroducing higher tariffs, giving space for negotiations.