#TrumpTariffs Donald Trump's tariffs are a key component of his economic policy, aimed at protecting American industries and reducing trade deficits. Here's a breakdown of the tariffs imposed during his presidency, particularly in 2025:

Tariff Details

- *General Tariff*: A 10% tariff on all US imports, effective April 5, 2025

- *Steel and Aluminum Tariffs*: 50% tariff on steel and aluminum imports, increased from 25% in June 2025

- *Chinese Goods Tariff*: 145% tariff on Chinese goods, including a 125% tariff on Chinese imports plus an additional 20% for fentanyl production

- *European Union Tariff*: 50% tariff on EU imports, initially set to begin June 1, 2025, but delayed to July 9, 2025

- *Automotive Tariff*: 25% tariff on imported cars

- *Other Tariffs*: 25% tariff on nations purchasing oil from Venezuela at the Secretary of State's discretion, and potential secondary tariffs on countries buying Russian oil or trading with Iran

Impact and Reaction

- The tariffs have led to a significant increase in the average applied US tariff rate, rising from 2.5% to an estimated 27% in April 2025, and later reduced to 15.8% in June 2025

- Trading partners, including China, Canada, and Mexico, have retaliated with their own tariffs on US goods

- The tariffs have sparked concerns about potential price increases for consumers and the impact on domestic manufacturing ¹ ² ³

Key Developments

- *Pause on Tariff Increases*: Trump announced a 90-day pause on reciprocal tariffs above 10% for all countries except China after a stock market crash

- *Court Ruling*: The United States Court of International Trade ruled that Trump's tariffs exceeded his authority, but the tariffs remain in effect pending appeal ¹