#NavigatingAlpha2.0 In April 2025, President Donald Trump implemented broad tariffs, increasing the U.S. import duty rate from 2.3% to potentially 18%. These measures target several sectors, including cars, steel, and aluminum, aiming to promote domestic production. Economists anticipate short-term effects such as market volatility, inflation, and slowed GDP growth. The S&P 500 has decreased by 8.4%, with GDP growth forecasts of 1% and unemployment at 4.5% in 2025. Critics warn of the risk of stagflation and strained global alliances, while supporters hope for a rejuvenation of U.S. manufacturing.