#TrumpTariffs Impact of Trump's Tariffs (Until June 2025)
Trump's tariffs, including a global tariff of 10% starting in April 2025, have raised prices and driven inflation globally. The policy of reciprocity has strained trade relations, especially with China, where tariffs have reached 145% (now temporarily at 30%).
This has generated economic uncertainty, reducing investment and global growth. Countries like Mexico, Canada, and the European Union face their own tariffs and threats of retaliation. The WTO has warned of a risk of global recession and a sharp slowdown in trade. Companies are reconfiguring their supply chains to adapt.