#TrumpTariffs

The tariffs imposed by Donald Trump on China in 2025, which peaked at 145% before being reduced to 30% after a 90-day agreement, have had a significant economic impact in both the United States and China, with global repercussions.

China:

• Drop in exports ($29,400M in March 2025, lowest since 2020).

• Factory closures, layoffs (16M jobs at risk).

• Restrictions on rare minerals and retaliatory tariffs (10%).

USA:

• Price increases (cell phones +73%, toys +77%), inflation (2.7% in 2025).

• Risk of recession (GDP growth lowered to 1.7%).

• Industrial costs (steel +50%) and gasoline (+50¢/gallon).

• Tax revenues: $600,000M annually.

Global: World trade will fall by 0.2-1.5%, global GDP at 2.3% in 2025.