#TrumpTariffs

  • During his second presidency, tariffs were indeed a significant aspect of the trade policy of the individual previously holding that office.

  • In early 2025, a baseline tariff of 10% was implemented on nearly all goods entering the U.S. Higher tariffs were also applied to specific countries and sectors.

  • These actions led to retaliatory tariffs from other nations and caused considerable disruption in global trade.

  • For example, by May 2025, tariffs on goods from China had escalated significantly.

  • There were also specific tariffs on steel, aluminum, and automobiles.

  • The impact of these tariffs included concerns about rising consumer prices and negative effects on economic growth.

  • Negotiations and adjustments to these tariffs occurred throughout early 2025, including some reductions and pauses.