#TrumpTariffs ๐ Further Escalation as of August 1, 2025
Trump issued a new executive order imposing higher tariffs (up to 41%) on 68 countries and the European Union, effective from August 7, 2025.
In addition to import tariffs, this policy also guarantees significant investments and purchases of U.S. goods as part of bilateral agreementsโthough some parties criticize this as a one-sided concession.
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๐ Impact Summary
Aspect Main Effect
Economy Growth slows (GDP โ0.2โ0.8โฏ%), job losses, inflation
Consumers Prices of goods rise, purchasing power decreases
Industry Demand from abroad decreases; import input costs rise
State Revenue Tariff revenue is estimated to reach $1.7โ2.4 trillion over 10 years
Law The legality of these tariffs is questioned (IEEPA)
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โ Conclusion
Trump launched the most aggressive tariff policy since the Smoot-Hawley era.
Initial tariffs reached ~27%, increasing to 54% specifically for China. The new version expands coverage to 68 countries with tariffs up to 41%.
Real impact: short-term industrial protection opportunities, but negative effects such as inflation, consumer losses, and legal uncertainty make the benefits controversial.
Its legality is still under review, with an appeal decision that could reverse or uphold these tariffs.
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