#TrumpTariffs Donald Trump's tariffs in his second presidency are some of the steepest protective tariffs in modern US history. Here's a breakdown ¹:

- *Average Tariff Rate*: The average effective US tariff rate rose from 2.5% to an estimated 27% between January and April 2025, the highest level in over a century.

- *Tariffs by Country*:

- *China*: Baseline tariffs on Chinese imports were raised to 145%, with retaliatory tariffs of 125% on US goods.

- *Canada and Mexico*: Trump imposed 25% tariffs, later granting indefinite exemptions for goods compliant with the USMCA.

- *Sector-Specific Tariffs*:

- *Steel and Aluminum*: 25% tariffs on all steel and aluminum imports, expanded to include empty aluminum cans and canned beer.

- *Automobiles*: 25% tariff on all imported cars, including those from Mexico and Canada, with some exemptions for USMCA-compliant vehicles.

- *Other Tariffs*:

- *Solar Panels*: Tariffs ranging from 41% to 3,521% on Chinese solar panel makers with factories in Southeast Asia.

- *Films*: Proposed 100% tariff on films produced in foreign lands, citing national security concerns.

- *Toys*: Trump threatened 100% tariffs on Mattel, a US toy-maker that diversified production to other countries.

*Impact and Controversy*:

- *Trade War*: Trump's tariffs have sparked a trade war with China, Canada, and other countries, with many economists warning of potential economic pain.

- *Legality*: The tariffs have been challenged in court, with some questioning Trump's authority to impose them under the National Emergencies Act and International Emergency Economic Powers Act.

- *Economic Concerns*: The tariffs have contributed to downgraded GDP growth projections and rising expectations of a recession.