#TrumpTariffs Donald Trump's tariffs aim to protect American industries and jobs. Here's a breakdown ¹ ²:
- *Universal Tariff*: 10% tariff on all imported goods, effective April 5, 2025
- *Reciprocal Tariffs*: Higher tariffs on specific countries, including:
- *China*: 125% tariff (increased from 34% on April 10, 2025)
- *European Union*: 20% tariff (50% planned but delayed to July 9)
- *Japan*: 24% tariff
- *Sector-Specific Tariffs*:
- *Steel and Aluminum*: 50% tariff (increased on June 4, 2025)
- *Auto*: 25% tariff on imported cars and auto parts
These tariffs have sparked debates and potential trade disputes.