#TrumpTariffs Donald Trump announced a new round of unilateral tariffs, with letters to be sent to more than 150 trading partners in the next two weeks, before July 9, as part of a 'take it or leave it' strategy. Markets reacted immediately: the dollar fell to a three-year low and the Dow dropped 230 points. At the same time, the U.S. and China reached an agreement to restore a trade truce, setting tariffs on Chinese products at 55% in exchange for the supply of rare earths. However, after doubling tariffs on steel and aluminum, it is estimated that the prices of canned food will rise by up to 15%, affecting low-income households.