#TrumpTariffs During Donald Trump's second presidency, starting January 2025, the U.S. implemented steep protective tariffs, raising the average tariff rate from 2.5% to an estimated 27% by April, later adjusting to 18.4% by July. These tariffs, the highest in over a century, targeted nearly all imports, with specific levies including 50% on steel, aluminum, and copper, and 25% on cars from most countries. Trump invoked the International Emergency Economic Powers Act to impose broad tariffs, aiming to boost domestic manufacturing, reduce trade deficits, and enhance national security. He also ended the de minimis exemption, subjecting all shipments to tariffs from August 29, 2025. Critics argue these measures pass costs to U.S. consumers, with estimates suggesting a 1.8% price increase, equating to a $2,400 loss per household. The tariffs sparked global market volatility, with retaliatory threats from allies like the EU. Economists question the effectiveness, citing potential GDP growth reduction and trade deficit misconceptions. Specific countries faced varied rates: Canada at 35%, Brazil at 50%, and India at 25%, with ongoing negotiations to mitigate impacts.