#TrumpTariffs The latest developments as of May 25, 2025. Here’s a concise summary of the current state of President Donald Trump's tariff policies:
⚪10% tariff on all imports imposed in April 2025.
⚪50% tariff on EU imports announced, starting June 1, 2025.
⚪25% tariff on iPhones made outside the U.S. expected by end of June.
⚪Retaliation from Mexico with 5–20% tariffs on U.S. goods.
⚪EU criticized U.S. tariffs; retaliation on hold till July 9.
⚪Tariffs may raise U.S. tax revenue but hurt GDP and wages.
⚪Industries impacted: tech (Apple), healthcare (Siemens), luxury goods.
⚪Market volatility increased due to trade war fears.
