#TrumpTariffs President Trump's tariffs are part of his "America First Trade Policy," aiming to protect US industries and enforce reciprocal trade agreements. Here's a breakdown ¹:

Key Aspects

- *Country-Specific Tariffs*: Trump has imposed or threatened tariffs on various countries, including China, Canada, Mexico, and EU nations, with rates ranging from 10% to 100%.

- *Product-Specific Tariffs*: Tariffs have been applied to goods like aluminum, steel, automobiles, and agricultural products, with some exemptions and exceptions.

- *Reciprocal Tariffs*: The US has implemented reciprocal tariffs on countries that impose unfair trade practices or non-reciprocal trade arrangements.

Notable Tariff Actions

- *China*: 25% tariffs on $125 billion worth of goods, with additional tariffs on Chinese goods qualifying for de minimis exemptions.

- *Canada and Mexico*: 25% tariffs on certain goods, including steel and aluminum, with exemptions for goods entered duty-free under USMCA.

- *EU*: Threatened tariffs of up to 200% on certain goods, including alcohol products and industrial machinery.

Updates and Developments

- *Executive Orders*: Recent executive orders have adjusted tariffs, exempted certain goods, and directed the USTR to initiate investigations into unfair trade practices.

- *USTR Investigations*: The USTR is conducting Section 232 investigations into imports of critical minerals, semiconductors, and commercial aircraft, which may lead to additional tariffs.

- *International Response*: The EU has launched a public consultation on potential countermeasures to US tariffs, while other countries have expressed concerns about the impact of Trump's tariff policies.