#TrumpTariffs Here is a clear and structured summary of the current situation regarding #TrumpTariffs :
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1. Imposed Tariffs
In April 2025, Trump implemented a universal tax of 10% on all American imports.
Even higher tariffs target 57 countries, including 25% on foreign cars.
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2. Economic Impact
The markets briefly lost 6 trillion $ in value.
The American GDP could decrease by 0.7% in 2025 and by 0.4% permanently.
In the long term, a GDP drop of 6% and wages of 5% is projected, amounting to a loss of 22,000 $ per average household.
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3. Inflation and Information
Inflation remains moderate at 2.3% for now, thanks to the anticipated stockpiling of goods.
But prices are expected to rise in the coming months, with an average cost of 2,800 $ per household.
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4. International Relations
Trade retaliations followed.
A temporary agreement was signed with China: American tariffs reduced to 30%, Chinese to 10%.
Other countries like Australia remain wary of Trump's trade policy.
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5. Legal Opposition
California Governor Gavin Newsom filed for an injunction to block these tariffs, citing a risk to the state’s economy.
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Conclusion
Trump's tariffs mark a major protectionist shift with mixed effects: protection for certain industries but high risks for growth, households, and trade relations.
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