#TrumpTariffs #TrumpTariffs As of July 7, 2025, Trump's tariffs will be a major topic of debate, with various implications for global trade and the U.S. economy. The 90-day pause on Trump's broad tariff plan is about to expire, prompting changes in how some businesses operate. The U.S. trade policies are causing disruptions in the region's supply chains. The United States plans to impose tariffs of 20% on Vietnamese products, less than half the rate that was set to take effect next week. The tariffs have resulted in an average tax increase of nearly $1,200 per American household in 2025. During his second presidency, Trump enacted a series of strong protectionist tariffs that affected nearly all imported goods to the United States, and the average effective tariff rate in the U.S. rose from 2.5% to approximately 27% between January and April 2025.