Will Trump’s Trade Policy Cost America Dearly?
In April 2025 Donald Trump shocked global markets by announcing sweeping new tariffs, briefly sparking financial panic. Four months later, he calls it a victory, pointing to a dozen new trade deals and over 100 billion dollars in tariff revenue.
Average U.S. tariffs have jumped from 2 percent to 17 percent. India has benefited, becoming the top U.S. smartphone supplier, while Germany’s auto industry is under pressure from 15 percent tariffs. Talks with China, Canada, and Taiwan remain unresolved, leaving uncertainty.
Markets have stabilized, but economists warn U.S. households may soon face higher prices and slower growth. Trump promises a revival of American manufacturing, yet critics argue the costs could outweigh the gains, with the true impact revealed only in the years ahead.
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