The post U.S. Revises Trump Tariff Terms as Supreme Court Challenges China trade Deal appeared on BitcoinEthereumNews.com. The United States shared they had made some changes to the Trump Tariff. The move comes amid the U.S. Supreme Court raises questions about the China trade deal. U.S Makes Positive Changes to Trade Agreement In a White House release, the U.S shared a number of changes to the Trump Tariff structure. The biggest change is the suspension of the 24% reciprocal tariff rate until Nov 10, 2026, keeping the base at 10%. That is down from 34% average. It is also well below the 125% level from earlier in the year. The administration has cut the tariff on goods from China that are linked to opioid precursors from 20% to 10%. This change is part of the ongoing efforts to address the fentanyl crisis. As a result, the overall tariff on Chinese imports in the U.S. is now about 47%. This is a drop from the 57% rate that was in place initially. The new U.S.–China trade deal shows Donald Trump wants an end to the tensions. The terms provide that Beijing will waive some of its highest retaliatory tariffs for a year. This also while keeping a 13% tariff on U.S. soybean imports. In return, China promised to purchase at least 12 million metric tons of U.S. soybeans before the end of 2025. Beijing has further promised to come down on fentanyl precursor exports and lift restrictions on rare earth materials. The White House called the agreement a “massive victory for American workers and industries.” Supreme Court Weighs Legality of Trump Tariff Framework According to Reuters, the U.S. Supreme Court is hearing a case that could determine the future of the tariff system itself. During oral arguments, justices expressed skepticism about the president’s authority to impose such broad tariffs under the 1977 International Emergency Economic Powers Act. The… The post U.S. Revises Trump Tariff Terms as Supreme Court Challenges China trade Deal appeared on BitcoinEthereumNews.com. The United States shared they had made some changes to the Trump Tariff. The move comes amid the U.S. Supreme Court raises questions about the China trade deal. U.S Makes Positive Changes to Trade Agreement In a White House release, the U.S shared a number of changes to the Trump Tariff structure. The biggest change is the suspension of the 24% reciprocal tariff rate until Nov 10, 2026, keeping the base at 10%. That is down from 34% average. It is also well below the 125% level from earlier in the year. The administration has cut the tariff on goods from China that are linked to opioid precursors from 20% to 10%. This change is part of the ongoing efforts to address the fentanyl crisis. As a result, the overall tariff on Chinese imports in the U.S. is now about 47%. This is a drop from the 57% rate that was in place initially. The new U.S.–China trade deal shows Donald Trump wants an end to the tensions. The terms provide that Beijing will waive some of its highest retaliatory tariffs for a year. This also while keeping a 13% tariff on U.S. soybean imports. In return, China promised to purchase at least 12 million metric tons of U.S. soybeans before the end of 2025. Beijing has further promised to come down on fentanyl precursor exports and lift restrictions on rare earth materials. The White House called the agreement a “massive victory for American workers and industries.” Supreme Court Weighs Legality of Trump Tariff Framework According to Reuters, the U.S. Supreme Court is hearing a case that could determine the future of the tariff system itself. During oral arguments, justices expressed skepticism about the president’s authority to impose such broad tariffs under the 1977 International Emergency Economic Powers Act. The…

U.S. Revises Trump Tariff Terms as Supreme Court Challenges China trade Deal

The United States shared they had made some changes to the Trump Tariff. The move comes amid the U.S. Supreme Court raises questions about the China trade deal.

U.S Makes Positive Changes to Trade Agreement

In a White House release, the U.S shared a number of changes to the Trump Tariff structure. The biggest change is the suspension of the 24% reciprocal tariff rate until Nov 10, 2026, keeping the base at 10%. That is down from 34% average. It is also well below the 125% level from earlier in the year.

The administration has cut the tariff on goods from China that are linked to opioid precursors from 20% to 10%. This change is part of the ongoing efforts to address the fentanyl crisis. As a result, the overall tariff on Chinese imports in the U.S. is now about 47%. This is a drop from the 57% rate that was in place initially.

The new U.S.–China trade deal shows Donald Trump wants an end to the tensions. The terms provide that Beijing will waive some of its highest retaliatory tariffs for a year. This also while keeping a 13% tariff on U.S. soybean imports.

In return, China promised to purchase at least 12 million metric tons of U.S. soybeans before the end of 2025.

Beijing has further promised to come down on fentanyl precursor exports and lift restrictions on rare earth materials. The White House called the agreement a “massive victory for American workers and industries.”

Supreme Court Weighs Legality of Trump Tariff Framework

According to Reuters, the U.S. Supreme Court is hearing a case that could determine the future of the tariff system itself. During oral arguments, justices expressed skepticism about the president’s authority to impose such broad tariffs under the 1977 International Emergency Economic Powers Act. The act does not explicitly grant tariffs.

“Based on the questions asked, it seems like the IEEPA tariffs are in jeopardy,” said Damon Pike at the customs and trade services division of BDO USA.

Legal experts say that even should the court rule against the Trump Tariffs, the administration may use other trade laws to impose similar measures.

The uncertainty of the court’s ruling has already started rippling through financial prediction markets. CoinGape reported that Polymarket traders cut the odds of Trump winning in the case by nearly 30% in the aftermath of the hearing.

Despite this, U.S. Treasury Secretary Scott Bessent told reporters he remained “very, very optimistic” about a favorable outcome for the administration.

Source: https://coingape.com/u-s-revises-trump-tariff-terms-as-supreme-court-challenges-china-trade-deal/

Market Opportunity
Union Logo
Union Price(U)
$0.003178
$0.003178$0.003178
+7.72%
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

VivoPower To Load Up On XRP At 65% Discount: Here’s How

VivoPower To Load Up On XRP At 65% Discount: Here’s How

VivoPower International, a Nasdaq-listed B-Corp now pivoting to an XRP-centric treasury, said on September 16 it has structured its mining and treasury operations so that it can acquire the token “at up to a 65% discount” to prevailing market prices—by mining other proof-of-work assets and swapping those mined tokens. VivoPower Doubles Down On XRP The […]
Share
Bitcoinist2025/09/18 10:00
Today’s Wordle #1671 Hints And Answer For Thursday, January 15

Today’s Wordle #1671 Hints And Answer For Thursday, January 15

The post Today’s Wordle #1671 Hints And Answer For Thursday, January 15 appeared on BitcoinEthereumNews.com. How to solve today’s Wordle. SOPA Images/LightRocket
Share
BitcoinEthereumNews2026/01/15 09:05
CME Group to launch options on XRP and SOL futures

CME Group to launch options on XRP and SOL futures

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56