#TrumpTariffs

As of July 2025, President Donald Trump’s tariff policies have reshaped U.S. trade dynamics.

Initiated with a 10% universal tariff on April 5, 2025, under the International Emergency Economic Powers Act, rates escalated to 27% by April, targeting trade deficits and national security. Reciprocal tariffs, up to 125% on China, address perceived unfair practices, while exemptions shield energy and critical minerals.

Economic forecasts predict a $1,200 annual household tax hike and a 6% GDP drop, sparking global trade war fears. Legal challenges have temporarily blocked some tariffs, but appeals keep them in play, fueling uncertainty and market volatility.