#TrumpTariffs Donald Trump's tariffs aim to protect American industries and workers. Here's a brief overview¹:

- *Tariff Rates:*

- *China:* 145% tariff on Chinese imports

- *Steel and Aluminum:* 25% tariff on all steel and aluminum imports

- *Automobiles:* 25% tariff on all imported cars

- *Other Countries:* Baseline 10% tariff on nearly all US imports

- *Impact:*

- Higher costs for businesses and consumers

- Strained trade relationships with countries like China, Canada, and Mexico

- Downgraded GDP growth projections and expectations of a recession

- *Recent Developments:*

- US and China agreed to cut tariffs on certain goods for 90 days

- Trump announced plans to impose 100% tariff on films produced in foreign lands