President Donald Trump's recent tariff policies have sparked significant global reactions and legal challenges. On April 2, 2025, during a "Make America Wealthy Again" event in the White House Rose Garden, President Trump signed an executive order imposing new tariffs on imported goods. This move has led to widespread debate and controversy.
The tariffs have had far-reaching economic implications. For instance, Nissan announced plans to cut 20,000 jobs, attributing the decision partly to the financial strain caused by U.S. tariffs, especially the 25% tariffs affecting vehicles exported from Japan and Mexico. The company estimates a cost impact of 450 billion yen ($3 billion) in 2025.
Furthermore, the average American household is projected to face a $2,200 price increase due to these tariffs, as the overall effective tariff rate on U.S. consumers has reached its highest since 1934, at 17.8%.
In the cultural sphere, President Trump's proposed 100% tariff on foreign-made films has drawn criticism from prominent figures at the 2025 Cannes Film Festival. Jury head Juliette Binoche remarked that the policy seems aimed at preserving Trump's image rather than protecting American interests.
Legal challenges have also emerged, with states like New Mexico joining coalitions seeking injunctions against the tariffs, arguing that they represent an overreach of executive power.
