#TrumpTariffs Donald Trump, in his second presidency, has implemented and announced a series of significant tariffs throughout 2025. Here's a summary of key aspects:

Key Tariff Policies and Rates:

* Universal 10% Tariff: Effective April 5, 2025, a universal 10% tariff was imposed on nearly all goods imported into the United States, under the authority of the International Emergency Economic Powers Act (IEEPA).

* Reciprocal Tariffs: Building on the 10% baseline, higher "reciprocal tariffs" have been implemented or threatened on countries with which the US has significant trade deficits. These rates vary significantly by country. Many of these tariffs are set to take effect on August 1, 2025, after some initial deadlines were delayed for negotiations.

* Examples of countries and their proposed reciprocal tariff rates:

* Japan: 25%

* South Korea: 25%

* Canada: 35% (increased from an initial 25%)

* Brazil: 50%

* Myanmar: 40%

* Laos: 40%

* Cambodia: 36%

* Thailand: 36%

* Serbia: 35%

* Bangladesh: 35%

* Indonesia: 32%

* South Africa: 30%

* Bosnia & Herzegovina: 30%

* Kazakhstan: 25%

* Malaysia: 25%

* Tunisia: 25%

* Philippines: 20%

* Brunei: 25%

* Moldova: 25%

* Algeria: 30%

* Libya: 30%

* Iraq: 30%

* Sri Lanka: 30%

* Sector-Specific Tariffs:

* Steel and Aluminum: Tariffs on foreign steel and aluminum were raised to 50%.

*Automobiles and Auto Parts: A 25% tariff was introduced on imported cars and auto parts.

* Copper: A 50% tariff on copper imports is set to take effect on August 1, 2025, citing national security concerns.

* Fentanyl Tariffs: Tariffs on Canadian, Chinese, and Mexican-origin goods linked to fentanyl were initially imposed, though two sets of these tariffs were permanently enjoined by the Court of International Trade (CIT) on May 28, 2025. There's also a threatened increase to 35% on goods previously subject to the 25% "fentanyl" tariff, also effective August 1.

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