Former President Donald Trump's tariff policies during his second term have significantly reshaped U.S. trade dynamics, leading to notable economic consequences domestically and internationally.
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🔧 Overview of Trump's Tariff Strategy
In his second term, Trump expanded upon his earlier trade policies by implementing broader and more aggressive tariffs. Key measures included:
Universal 10% Import Tariff: Applied to nearly all imported goods.
60% Tariff on Chinese Imports: Targeting a wide range of products from China.
25% Tariffs on Mexican and Canadian Goods: Affecting significant trade partners.
These tariffs impacted over $1.4 trillion in imports by April 2025, a substantial increase from the $380 billion affected during his first term