#TrumpTariffs President Trump’s second‑term tariff agenda, enacted under the IEEPA since April 2025, introduced a blanket 10% tariff on all imports, plus higher rates (up to 145% on Chinese goods, 25% on Canada/Mexico, and elevated steel/aluminum duties) . A federal trade court ruled his use of IEEPA unlawful in late May, but the Federal Circuit paused that injunction on June 11—keeping tariffs in place pending a full hearing on July 31 . Meanwhile, Trump reached a “framework” deal with China, maintaining a combined 55% tariff level and securing rare‑earth access under renewed trade talks .