#TrumpTariffs

President Donald Trump's 2025 tariff policies have significantly impacted the global economy. Key measures include a 25% tariff on steel and aluminum imports and a 10% baseline tariff on most goods, effective since April. These actions aim to bolster domestic manufacturing and address trade imbalances. However, they have led to retaliatory tariffs from major trading partners like China, Canada, and Mexico, escalating trade tensions. Economic forecasts indicate a slowdown in U.S. growth and a potential rise in inflation, with the IMF projecting a global growth reduction to 2.8% for 2025. While some sectors may benefit, the overall economic outlook remains uncertain amid ongoing trade negotiations.