#TrumpTariffs
President Trump's 2025 tariff policies have reshaped U.S. trade dynamics. On April 5, a universal 10% tariff on all imports took effect, justified under the International Emergency Economic Powers Act to address trade deficits. Additionally, higher tariffs—up to 54% on Chinese goods—target specific countries.
A notable policy is the proposed 100% tariff on foreign-made films, aiming to revitalize domestic film production. This move has sparked criticism from industry figures like Robert De Niro, who argue it threatens artistic freedom and international collaboration.
Legal challenges are underway, with small businesses contesting the tariffs' legality, claiming executive overreach. Economists warn these tariffs could slow growth and strain sectors like agriculture and construction.
While intended to bolster U.S. industries, the tariffs' broader economic and cultural impacts remain contentious.