#TrumpTariffs

#TrumpTariffs Summary (May 2025):

President Trump imposed new tariffs—10% on all imports and up to 50% on countries with big trade surpluses. He’s also threatening 100% tariffs on BRICS nations if they drop the U.S. dollar. Despite fears, inflation stayed low, but legal challenges are underway. A U.S.-China truce reduced tariffs for 90 days. Global trade tensions are rising, and Hollywood might be hit too.