#TrumpTariffs

Donald Trump’s new tariffs, introduced under the “Liberation Day” plan, have stirred global trade tensions. A 10% baseline tariff was imposed on April 5, 2025, with higher duties targeting countries like China and Vietnam. Though a U.S. court ruled these tariffs illegal, they remain in effect pending appeal. Trump’s aim is to reduce trade deficits and protect American industries. Critics warn of rising prices and retaliation from trade partners. New deals with countries like Vietnam impose strict rules on trans-shipments. As the July 31 court ruling nears, businesses worldwide await clarity on the future of U.S. trade policy.