#TrumpTariffs Donald Trump's tariffs are a key part of his economic policy, focusing on balancing international trade and boosting domestic industries. The policy includes a baseline 10% tariff on all imports, with higher rates for specific countries. For instance, imports from China face a total tariff of 54%, while the European Union and India are subject to 20% and 26% tariffs, respectively. Automobiles manufactured outside the US will incur a flat 25% tariff.

The goal of these tariffs is multifaceted: to reduce the US trade deficit, encourage companies to shift manufacturing to the US, protect domestic jobs and industries, and increase tax revenue. Trump has framed these tariffs as a means to achieve "reciprocity" in trade, applying tariffs similar to or slightly lower than those imposed by other countries on US goods. However, critics argue that this policy could destabilize both domestic and international markets.