#TrumpTariffs

🔥 Latest Developments

Trump’s 2024 Tariff Proposal

10% Universal Baseline Tariff: Trump announced plans to impose a 10% tariff on all imports if re-elected (up from 2-3% avg. now).

China-Specific Hikes:

60%+ tariffs on Chinese goods (vs. current 7.5-25%).

Targets EVs, steel, electronics, and pharmaceuticals.

"Ring Around China" Strategy: Tariffs on nations routing Chinese goods (e.g., Mexico, Vietnam).

Policy Justification

Goal: Reshore manufacturing, punish China for "trade abuses," and fund tax cuts.

Claim: "Tariffs will generate $2 trillion+ in revenue" (economists dispute this).