#TrumpTariffs President Trump announced new tariffs on steel and aluminum — 50% from June 4, and further customs concessions were introduced for China: 55% on Chinese imports, China responded with a 10% tariff on goods from the USA 🇺🇸🇨🇳.

📌 Economic consequences:

World GDP is falling: The World Bank forecasts a decline to 2.3% in 2025 (the lowest level since the 1960s) – partly due to these tariffs.

Inflation is rising: inflation lost momentum in May, but a CPI update is expected due to deliberate price increases by importers.

U.S. industry is under pressure: factories are reducing production, PMI indexes are falling, exceptions from tariffs are needed to compensate for costs.

Retail and the agricultural sector are suffering: import costs are rising — consumers are paying more, farmers are losing export markets.

🗺️ Roadmap:

The 90-day pause on general tariffs ends on July 8; a possible extension for countries negotiating with the USA.

The court kept the tariffs in place during the appeal until July 31 — a decision on legality is pending review.

💡 Summary:

The USA is raising tariffs to strengthen industry, but the economic effect may be the opposite: slower growth, increased inflation.