#TrumpTariffs

Since January 2025, President Trump has imposed sweeping tariffs, invoking the International Emergency Economic Powers Act (IEEPA), citing trade deficits as a national emergency. A 10% baseline tariff on most imports began April 5, with 25% tariffs on Canada, Mexico, and China (145% on Chinese goods). Steel and aluminum tariffs rose to 50%, and auto imports face 25% duties. These measures aim to boost. Tariffs have raised $75 billion in revenue but sparked global retaliation, risking trade wars and inflation. A 90-day tariff pause ends August 1, with ongoing legal challenges questioning Trump’s authority.