#TrumpTariffs
š #TrumpTariffs: Americaās New Trade Shockwave
Former President Donald Trump has enforced sweeping tariffs on imports from 20+ countries ā with rates climbing as high as 50%, effective August 1, 2025. šŗšøš
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š Key Stats:
š§¾ Avg. Effective Tariff: 18.3% ā highest since 1934
š° Family Impact: Est. $2,400/year in added costs (Yale Budget Lab)
š Industry Effect: Manufacturing costs up 2ā4.5%
āļø Legal Heat: Courts challenge legality under IEEPA
š Global Tensions: China, Canada, Brazil respond with countermeasures
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Whatās your take on Trumpās Tariffs?
š A smart move to protect US jobs
š A disaster for consumers & markets
š Politically driven, economically risky
š Too early to judge
š Vote now in the comments or with emojis!#TrumpTariffs