#TrumpTariffs The term #TrumpTariffs refers to import tariffs imposed during Donald Trump's presidencies, notably a sharp increase in US tariff rates starting in 2025, reaching an average of 27%, the highest in over a century3. These tariffs targeted various countries including China, the EU, India, and others, with a baseline 10% tariff on most foreign imports implemented in April 20256.

The tariffs sparked trade tensions and retaliations, such as India proposing counter-tariffs on US goods in response to US steel and aluminum levies8. The tariffs have been controversial, viewed as a tax increase averaging nearly $1200 per US household in 20254.

Recently, there has been a partial truce between the US and China, with agreements to slash some tariffs and a 90-day pause in the trade war, which markets welcomed as a positive sign though experts say the trade war is not fully over15. The situation remains fluid due to the unpredictability of policy changes.

In summary, #TrumpTariffs describe aggressive US tariff policies under Trump’s administrations that have significantly impacted global trade, causing economic disruption and ongoing negotiations to ease tensions.