#TrumpTariffs The Trump tariffs, implemented in 2025, have significantly impacted US trade dynamics. Here's a breakdown¹:

- *Tariff Rate Increase*: Average US tariff rates rose from 2.5% to 27% in April 2025, with specific increases including:

- *Steel and Aluminum Tariffs*: Doubled to 50% in June 2025

- *China Tariffs*: Up to 145% on certain goods

- *Universal Tariff*: 10% on all US imports

- *Economic Impact*: Projected 0.8% GDP reduction and 711,000 job losses long-term, although the administration projects $728 billion economic growth and 2.8 million new jobs

- *Trade Negotiations*: Ongoing talks with countries like the UK and Vietnam, with threats of further tariff hikes if agreements aren't reached by August 1, 2025.