#Vualta 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.
Impact and Controversy
The tariffs have sparked debate, with critics arguing they'll lead to higher prices and reduced economic growth. Supporters argue they'll boost domestic manufacturing and generate revenue. #TrumpTariffs #TradePolicy #Manufacturing