#TrumpTariffs

In 2025, President Donald Trump reignited trade tensions by imposing sweeping tariffs under the "Liberation Day" initiative. These included a 10% baseline tariff on all imports, escalating to 145% on Chinese goods, and 25% tariffs on products from Canada and Mexico, citing national emergencies related to immigration and fentanyl trafficking

. China retaliated with tariffs up to 125% on U.S. goods, leading to a trade war that disrupted global markets . While the administration claimed these measures would bolster domestic manufacturing, economists warned of increased consumer prices and potential GDP decline

. Legal challenges arose over the president's authority to enact such tariffs, with courts initially blocking them before a federal appeals court allowed them to proceed pending further review .

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