#TrumpTariffs Let's break down the key points about Trump's tariffs.

What are Trump's tariffs?

Trump's tariffs are taxes imposed on imported goods from various countries. The goal is to protect American industries and enforce trade agreements.

Countries affected

- *Canada and Mexico*: 0% to 25% tariffs on certain goods, with some exemptions for goods traded under the USMCA agreement

- *China*: 20% to 34% tariffs on various products, with additional 10% tariffs on U.S.-origin goods effective May 14, 2025

- *EU countries*: 20% to 50% tariffs on certain products, with some threatened tariffs delayed until July 9, 2025

- *Other countries*: Various tariff rates apply, ranging from 11% to 50%

Product-specific tariffs

- *Aluminum*: 25% to 50% tariffs, depending on the country of origin

- *Automobiles*: 25% tariffs on imported vehicles

- *Agricultural products*: Tariffs threatened to start on April 2, 2025, with rates to be determined

Updates and exceptions

- Some tariffs have been delayed or suspended, such as the reciprocal tariffs on certain countries, effective until July 9, 2025

- Some countries, like Belarus and Cuba, are exempt from reciprocal tariffs

- The U.S. government has filed an appeal regarding the Court of International Trade's ruling on certain tariffs ¹$BTC