#TariffsPause Donald Trump's tariffs are a series of protective tariffs imposed on imported goods into the United States. Here's a breakdown ¹:

- *Tariff Rates*:

- *China*: 145% baseline tariff, with some goods facing up to 54% effective tariff rate after additional measures.

- *Other countries*: 10% minimum tariff on all imports, with sector-specific tariffs of 25% on steel, aluminum, and automobiles.

- *Affected Goods*:

- *Steel and Aluminum*: 25% tariffs on all imports, with some exemptions initially granted to certain countries.

- *Automobiles*: 25% tariffs on imported cars, including those from Mexico and Canada.

- *Solar Panels*: Tariffs ranging from 41% to 3,521% on Chinese solar panel makers with factories in Southeast Asia.

- *Trade Partners' Reactions*:

- *China*: Imposed minimum 125% tariff on US goods and restricted exports of rare earths.

- *Canada and Mexico*: Initially faced 25% tariffs, later exempted for USMCA-compliant goods.

- *Impact*:

- *Stock Market*: Trump's tariff announcements triggered a stock market crash in 2025.

- *GDP Growth*: Downgraded growth projections by the Federal Reserve and OECD, with expectations of a recession.

- *Public Opinion*: 57% of Americans oppose the tariffs, while 73% expect a price surge.

The tariffs aim to support domestic manufacturing, reduce trade deficits, and penalize countries with perceived unfair trade practices. However, many economists criticize the policy, arguing it will lead to higher prices, larger deficits, and greater inequality.