#TrumpTariffs of June 2025, Donald Trump's tariff policies have dramatically expanded, affecting over $1.4 trillion in imports—more than triple the level during his first term. Tariffs target countries like China, Canada, and Mexico, and aim to address trade imbalances, illegal immigration, and drug trafficking. A peak 145% tariff on Chinese goods sparked a trade standoff, later de-escalated to 30% for U.S. and 10% for Chinese imports. The tariffs have triggered global economic slowdowns, with the World Bank lowering 2025 growth forecasts to 2.3%. U.S. inflation remains elevated due to tariff-related price increases, while markets show mixed reactions. Trade partners like Mexico and Canada face economic contraction risks, and China's retaliation has affected U.S. agriculture and tech sectors. Though the U.S. economy shows resilience, concerns about long-term inflation and slowed growth persist. Global institutions warn that prolonged tariff use could lead to stagnation and heightened geopolitical tension.
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