#TrumpTariffs

Trump's New Tariffs & Impact

President Trump announced "Liberation Day" tariffs, imposing a 10% baseline tax on nearly all imports, with higher rates for China (54%), Vietnam (46%), and India (26%). The move aims to reduce trade deficits and boost U.S. industries, but global backlash is strong, with the EU threatening a trade war. Economists warn of higher prices, supply chain disruptions, and a possible U.S. recession (35% probability).