#TrumpTariffs
Donald Trump's tariffs are a key component of his economic policy, aimed at protecting American industries and workers. Here's a breakdown of the current situation:
*Tariff Rates:*
- A baseline 10% tariff on nearly all US imports, effective April 5, 2025
- 25% tariffs on steel and aluminum imports, with some exceptions
- 50% tariffs on steel and aluminum imports from certain countries, including Canada and Mexico, as of June 4, 2025
- 145% tariffs on Chinese goods, although there's a possibility of reducing this to 80% or between 50% to 54% as part of ongoing trade negotiations