10% Universal Tariff: Implemented on all international imports to encourage domestic manufacturing.

Washington State Standard

Targeted Tariffs:

China: Increased duties to 20% on various goods, including electronics and agricultural products.

Mexico & Canada: Imposed 25% tariffs, affecting automotive and agricultural sectors.

European Union: Proposed 25% tariffs on select European goods, leading to retaliatory measures.

🌐 Global Reactions

China: Announced 15% tariffs on U.S. agricultural exports and added 15 U.S. entities to an export control list.

IG

+1

PhotoNews Pakistan

+1

Canada: Implemented a 25% retaliatory tariff on $30 billion worth of U.S. goods.

@EconomicTimes

+1

PhotoNews Pakistan

+1

European Union: Vowed to counteract U.S. tariffs, emphasizing the protection of European businesses and consumers.

PhotoNews Pakistan

+4

Samaa TV

+4

ABC News

+4

📊 Economic Impact

Consumer Costs: The Tax Foundation estimates that the average tariff rate on U.S. imports could triple to over 7%, potentially costing American consumers between $120 and $225 billion annually.

wdhn.com

+2

IG

+2

PhotoNews Pakistan

+2

Automotive Sector: U.S. and European carmakers could lose up to 17% of their combined annual core profits due to the new tariffs#TrumpTariffs