#TrumpTariffs According to Jinshi Data, President Trump has announced plans to impose additional tariffs on countries that tax U.S. exports. The key points of the Trump tariffs are:

- *Tariff Rates*: A universal 10% tariff on all imports, with specific exemptions, and higher "reciprocal" tariffs targeting 57 countries based on their trade surpluses with the U.S.

- *Country-Specific Tariffs*:

- *China*: 34% additional tariff (totaling 54% with existing tariffs)

- *European Union*: 20% tariff

- *Vietnam*: 46% tariff

- *Canada and Mexico*: 25% tariff on non-USMCA-compliant goods

- *Goals*: Reduce the U.S. trade deficit, promote reciprocity in trade practices, and serve as a tool for foreign policy, particularly against China's economic influence.

- *Impact*: Potential for stronger domestic growth and investor confidence in the U.S., but also introduces global trade uncertainty and inflationary pressures.