Recent developments in the US-China trade war have left traders anxious, particularly as certain tariffs, including those related to fentanyl, will remain in place until at least June 9. Last week, a court deemed some of Trump's trade policies illegal, but an appeals court temporarily allowed certain tariffs to stay in effect, pending further appeals. The administration plans to double tariffs on steel and aluminum starting June 4. Meanwhile, tensions are rising again as China alleges that the US has violated their recent agreements, which could jeopardize the truce. Investors are looking for potential policy revisions from President Trump in the coming days, dubbed ‘TACO Tuesday’ by some commentators, referring to his seemingly inconsistent tariff strategies. As trade tensions escalate and tariffs linger, it raises the question of whether the market might stop reacting to Trump's announcements if such reversals continue.

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