$BTC On June 11, 2025, former American president Donald Trump announced a new trade agreement with China, which involves increasing American tariffs on Chinese goods to 55%, representing a significant increase from the previous 30%. In exchange, China agreed to reduce its tariffs to 10%, while committing to export rare earths to the United States, essential materials for the American technology and defense sectors. Chinese students were also allowed access to American universities, with certain restrictions.

📊 The global economic impacts

Forecasts from the World Trade Organization indicate that these tariffs could lead to a 0.8% decline in global goods trade, with a potential impact of up to 1.5% if trade uncertainty persists. It is also projected that global gross domestic product could decrease by 1.7% in the worst-case scenarios.

The North America region will be the most affected, with a forecasted decline in exports from Canada and Mexico of 12.6%, which could push them toward an industrial recession. In Europe, the industrial sector will face additional challenges due to these tariffs.