#TrumpTariffs
In late July 2025, President Trump signed executive orders that set baseline tariffs of 10% on imports from nearly every country, with much higher rates—up to 41%—on imports from specific nations .
Canada faces a 35% tariff, while countries like Brazil, Syria, Laos, Myanmar, India, and Switzerland face tariffs ranging from 25% to over 40%. Only 10% is applied to nations with new trade agreements .
Although initially planned to take effect July 31, implementation was pushed back to August 7, 2025, causing uncertainty, except for Canada’s increase to 35%, which took effect earlier .
---
📊 Economic & Fiscal Impacts
According to the Penn Wharton Budget Model, these tariffs could reduce U.S. GDP by ~6% and average wages by ~5%, with lifetime losses of around $22,000 per middle-income household .
The Tax Foundation projects that Trump’s tariffs would raise approximately $2.4 trillion in revenue over 10 years under conventional estimates ($1.7T dynamic), while reducing GDP by about 0.8%, pre-retaliation. Households face average cost increases of about $1,270 in 2025, rising to $1,619 in 2026 .
---
💸 Who pays the cost?
Economists warn these tariffs act like hidden taxes—import costs are passed to U.S. consumers and businesses, pushing up prices across sectors and reducing consumer purchasing power .
Inflation may rise by ~1.8%, costing about $2,400 annually per household, especially impacting low- and middle-income Americans
#MarketPullback
#SECProjectCrypto
#write2Earn
#Learn&Earn
$XRP
$BNB
$TREE
