Understanding Trump's Tariffs

The Trump administration implemented significant changes to US tariff policies, aiming to boost domestic manufacturing and reduce trade deficits. Key tariff changes include ¹:

- *Steel and Aluminum Tariffs*: 25% tariff on all steel and aluminum imports, eliminating previous exemptions.

- *Automobile and Auto Part Tariffs*: 25% tariff on imported cars and auto parts, affecting non-USMCA compliant countries.

- *Digital Sales Tax Investigation*: Investigating digital service taxes and considering retaliatory action#vulta