#TrumpTariffs

** Trade Policy Update**

* **China Trade Agreement (Pending Approval):** A proposed trade agreement between the United States and China is awaiting final approval. The deal includes a 55% U.S. tariff on Chinese imports and a 10% tariff on American goods. Additionally, China would supply rare earth minerals and magnets to the U.S., while the U.S. would facilitate student exchanges.

* **Tariff Adjustments and Extensions:**

A 90-day pause on certain tariffs was set to expire on July 8th, but potential extensions are under discussion as negotiations continue.

* **Legal Developments:**

A federal appeals court has upheld the administration’s ability to continue collecting import taxes while trade policy challenges proceed. The court is scheduled to hear further arguments on July 31st.

* **Economic Considerations:**

Some consumer goods, such as appliances and toys, have experienced price increases, but the overall impact on inflation remains moderate for now. Analysts anticipate a slight rise in inflation later this year.

* **Global Trade Measures:**

Since January 2025, the administration has implemented a 10% baseline tariff on most international imports, with adjusted rates for specific sectors and countries. Negotiations with trade partners remain active.