#TrumpTariffs The Trump 2.0 administration introduced an aggressive tariff policy marked by high percentages on various imports. In March, 10% reciprocal tariffs were imposed globally, followed by specific increases, reaching 145% on China, and 25% on Canada and Mexico. In June, a trade truce was established with China, maintaining 55% on its imports and 10% Chinese tariffs on American products. An appeals court temporarily upheld the tariffs while assessing their legality. Small businesses face high costs and uncertainties, impacting innovation and supply chains.