#TrumpTariffs

President Donald Trump has implemented a series of aggressive tariff policies during his second term, significantly raising the average U.S. tariff rate from 2.5% in January 2025 to an estimated 18.4% by July 2025—the highest in over a century. On August 1, 2025, Trump announced new tariffs effective from August 7, ranging from 10% to 41% on dozens of countries, including 35% on Canada, 30% on South Africa, and 25% on India, aiming to reshape global trade. These follow earlier actions, such as a 10% baseline tariff on all imports starting April 5, 2025, and higher reciprocal tariffs on specific nations, invoking the International Emergency Economic Powers Act (IEEPA). A U.S. court ruled in May 2025 that some IEEPA tariffs were illegal, but an appeals court stay keeps them in place pending further review.

The tariffs have generated $108 billion in net revenue over the past nine months, comprising 5% of federal revenue, though they’ve raised costs for U.S. consumers (e.g., $2,400 per household annually) and slowed economic growth, with GDP at 1.1% annualized in the first half of 2025. Retaliatory tariffs from trading partners and legal challenges continue, while Trump extends deadlines (e.g., to August 1) to negotiate deals, like with the$ETH EU and Japan. The policy aims to boost domestic manufacturing but risks escalating global trade tensions.

For the latest developments, monitor economic news or official White House statements.$BTC