#TrumpTariffs

Here’s an updated and nuanced overview of #TrumpTariffs — the sweeping import taxes championed during Donald Trump’s presidency (both his first term and the current second term):

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1. What “Trump Tariffs” refer to

The hashtag highlights the major tariffs Trump imposed beginning in 2018 and again in 2025, targeting imports from China, the EU, Canada, Mexico, and more. They covered metals (steel, aluminum), electronics, machinery, agricultural goods, and consumer products .

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2. Scope & Scale

In his second term, tariff rates spiked dramatically: average effective U.S. import duties rose to around 27%, the highest in over a century—though by early June 2025 they eased back to ~15.1% .

Tariffs on Chinese imports peaked at 145%, while reciprocal 25% tariffs were imposed on Canada and Mexico (later partially exempted under USMCA) .

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3. Legal battles & enforcement

The so-called “Liberation Day” tariffs (under IEEPA authority) were struck down by a federal trade court in late May 2025, though an appeals court temporarily reinstated them .

The courts concluded the president lacked broad unilateral authority under IEEPA, but noted tariff power remains under the Trade Act (up to 15% for 150 days) .

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4. Economic impact

Positive effects

Some U.S. manufacturers have benefited:

Reshoring efforts in industries like steel, auto parts, magnets, and farm equipment have boosted domestic capacity and employment .

Downsides

Smaller firms face higher costs, delayed R&D, layoffs, supply-chain disruptions, and legal challenges due to