#TrumpTariffs A Brief Overview

Recently, Donald Trump implemented a series of protective tariffs affecting nearly all goods imported into the United States. From January to April 2025, the average effective tariff in the U.S. rose from 2.5% to approximately 27%, the highest level in over a century.

Key Highlights:

* Trade War with China: Trump sharply increased base tariffs on Chinese imports to 145%. China responded with a minimum tariff of 125% on goods from the U.S. and restricted exports of rare earth metals, crucial for high-tech industries.

* Trade War with Canada and Mexico: Initially, Trump imposed a 25% tariff on steel, aluminum, and automobiles from Canada and Mexico but later granted indefinite exemptions for goods complying with the USMCA.

* "Reciprocal Tariffs": Trump announced a minimum 10% tariff on all imports into the U.S., as well as higher tariffs on imports from 57 countries. This sparked criticism and caused a stock market downturn.

* Closure of de minimis exemption: Trump closed the de minimis exemption for China on May 2nd, and for all countries in the future. #TrumpTariffs #ukraine