#TrumpTariffs As of May 2025, President Trump’s tariff policies have sparked significant global trade shifts. Recent actions include a 125% tariff on Chinese goods, a 90-day pause reducing tariffs to 10% on other countries, and a 25% tariff on imported cars and parts effective April 3. These measures aim to boost U.S. manufacturing and reduce reliance on foreign goods, with some claiming $1.2 trillion has returned to the economy. However, critics highlight potential downsides, including a projected 6% GDP drop and $22,000 lifetime loss per middle-income household due to higher costs. Global markets have surged with a U.S.-China tariff truce, but long-term impacts remain uncertain, with debates over economic benefits versus inflation risks.