#TrumpTariffs Under his current administration, President Donald Trump has significantly expanded his tariff policy, aiming to reshape global trade in favor of the United States. His approach involves imposing steep import duties on a wide range of foreign goods and industries, leading to market fluctuations and strained international relationships.

Key aspects of Trump's current tariff policy:

* Broad Application: Since April 2025, a baseline 10% tariff has been applied to nearly all goods imported into the U.S., with some exceptions like cell phones and computers.

* Reciprocal Tariffs: Trump has declared a national emergency regarding the trade deficit and announced "reciprocal tariffs" on countries that, in his view, have unfair trade practices or trade deficits with the U.S. These rates are significantly higher than the baseline 10%.

* Targeted Countries and Rates: Tariff letters have been sent to over 20 countries, with duties set to take effect from August 1, 2025, if bilateral trade deals are not reached. Examples of proposed rates include:

* Brazil: 50%

* Philippines: 20%

* Brunei: 25%

* Moldova: 25%

* Algeria: 30%

* Libya: 30%

* Iraq: 30%

* Sri Lanka: 30%

* Japan: 25%

* South Korea: 25%

* South Africa: 25-40%

* China Tariffs: The trade war with China has escalated, with baseline U.S. tariffs on Chinese goods peaking at 145% and Chinese tariffs on U.S. goods reaching 125%. Following a recent trade agreement, U.S. tariffs on Chinese goods were reduced to 30%, and Chinese tariffs to 10%.

* Sector-Specific Measures: Beyond broad tariffs, specific sectors have been targeted. Steel and aluminum tariffs were raised to 50%, and a 25% tariff was introduced on imported cars. Investigations are ongoing for pharmaceuticals, semiconductors, and other sectors for potential future tariffs, with some proposed rates as high as 200% for pharmaceuticals and 50% for copper.

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