📌 #TrumpTariffs | A New Wave of U.S. Tariffs Hits the Global Market
Effective August 1, 2025, the Trump administration rolled out sweeping reciprocal tariffs ranging from 10% to 50%, targeting partners like Canada (35%), India (25%), and Brazil (50%) .
The average effective U.S. tariff rate now stands around 17%, the highest since the 1930s, covering roughly 45% of imports .
To date, customs revenues have hit around $124 billion by late July .
Some tariffs imposed under emergency powers (IEEPA) have been blocked by federal courts, though others under Trade Expansion Act remain in force, with appeals underway .
Industries across the board — including food, autos, electronics, and construction — are already facing cost pressures and restructuring supply chains .
Yet despite concerns, the U.S. economy expanded faster than expected in Q2, supported by robust consumer spending .
⚖️ Are Trump's tariffs reshaping global trade for the long haul—or will the unintended economic costs outweigh short-term gains? Let’s discuss 👇
