#TrumpTariffs The term "Trump Tariffs" generally refers to the tariffs imposed by the United States during his administrations. Given the current date, this would primarily concern the tariffs enacted during his second presidency, which began in January 2025.

During his second term, a significant series of protective tariffs have been implemented, affecting a wide range of imported goods. By April 2025, the average effective U.S. tariff rate had reportedly risen dramatically to an estimated 27%, which is considered the highest level in over a century.

Here's a breakdown of some key aspects of these tariffs:

* Universal Baseline Tariff: A key policy introduced was a minimum 10% tariff on nearly all goods imported into the U.S., effective from April 5, 2025. This was dubbed a "reciprocal tariff."

* China Trade War Escalation: The trade conflict with China saw a significant increase in tariffs. Baseline tariffs on Chinese imports reportedly surged to 145%. In response, China also increased tariffs on American products to 125%.

* Impact on Trade Partners: Higher tariffs were also applied to imports from 57 other countries, leading to concerns and retaliatory measures from some trade partners, such as Canada imposing a 25% tax on certain vehicles from the U.S.

* Sector-Specific Tariffs: Besides the broad tariffs, specific sectors continued to face duties, including a 25% tariff on steel and aluminum (in place since March 12, 2025) and a 25% tariff on automobiles (since April 3, 2025), along with tariffs on auto parts.

* Economic Impact: These tariffs have had a considerable impact on the economy. The Federal Reserve and the OECD reportedly downgraded GDP growth projections, and there were rising concerns about a potential recession. U.S. retailers warned of potential goods shortages, and consumers showed declining confidence due to worries about higher prices and empty shelves.

* Negotiations and Adjustments: By May 2025, the White House had begun negotiating trade deals, including significant tariff reductions with China.