#TrumpTariffs As of June 12, 2025, Trump states that within the next 1–2 weeks he'll send unilateral tariff notices to various trading partners—and plans to push a baseline 10% global tariff, a 20% “fentanyl trafficking” levy, and additional 25% tariffs on China, totaling around 55% for Chinese goods .

Market impact: The U.S. dollar fell to a three‑year low following news of these tariff threats . Meanwhile, economists note that so far, consumer inflation hasn’t spiked—CPI remains near 2.4% year‑over‑year in May .