President Trump is increasing pressure on global trade, announcing that he will soon set unilateral tariff rates through direct messages to trading partners: "Either you accept or you reject." As the deadline for the suspension of major tariffs approaches on July 9, the way forward remains uncertain.
While the United States has made progress with China regarding rare earth metal exports, Trump still plans to impose an overall tariff of 55% on Chinese goods. Meanwhile, Apple is shifting iPhone exports from India to avoid tariffs. The trade landscape is rapidly tense.
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