#TariffPause TariffPause: What’s Happening with U.S. Tariffs Right Now? Here’s a 7-Point Power Summary:

1️⃣ 10% Universal Tariff:

Every import into the U.S. (even from allies like the UK & EU) now faces a minimum 10% tariff, replacing old free trade deals like those with Australia & South Korea.

2️⃣ China Tariff Hike:

Tariffs on Chinese goods jump from 104% ➡️ 125%, with an extra 20% on fentanyl-related products. U.S.-China trade war just got even 🔥.

3️⃣ Paused Tariffs (for now):

Higher tariffs like 46% on Vietnam and 20% on the EU are temporarily paused until July. But the 10% base tariff is still ON.

4️⃣ Active High Tariffs:

🚗 25% on cars (yes, UK exports too).

🏗️ 25% on steel/aluminum (UK sent $720M worth in 2024).

🌮 25% on selected Mexico/Canada goods, despite old trade deals.

5️⃣ Global Economic Risks:

U.S. import tariffs could average 24–27%, highest in 100 years!

Slowdowns in U.S. & China (they make up 43% of global GDP) could hit global growth hard.

6️⃣ Impact on the UK:

Lost trade advantage over EU (both now slammed with 10% tariffs).

🚙 $9B UK car exports to U.S. hit by 25% tax.

🔩 $2.9B metal products affected too.

☕ Good news: Services exports (like finance) stay tariff-free.

7️⃣ Uncertainty & Criticism:

Economists say Trump’s on-off tariff moves are fueling instability, scaring off investors, and worsening global trade tensions. ⚡

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