#TrumpTariffs In a bold move aimed at bolstering U.S. manufacturing and funding tax reductions, President Trump recently announced sweeping new tariffs—25 % on imports from Japan and South Korea, up to 35 % on Bangladesh, plus targeted hikes on countries like Myanmar, Laos, Cambodia, and Thailand—set to begin on August 1, 2025. These tariffs, framed under an invoked national emergency, mark a return to the “America First” agenda, designed to close trade imbalances and encourage businesses to reshore production. While supporters argue this strategy will restore domestic job growth and produce fiscal windfalls for states investing in infrastructure and innovation, critics warn of rising consumer prices, legal hurdles, and a destabilized global trade landscape. The move is projected to raise substantial revenue, but with a projected hit of up to $82 billion to U.S. mid‑sized employers—who may pass costs to consumers—the economic ripple effects could be substantial. Amid fierce debates, one thing is clear: these tariffs are redefining America’s approach to global commerce.