#TrumpTariffs In 2025, President Donald Trump launched a massive tariff policy known as "Liberation Day Tariffs." This policy imposed a universal 10% tariff on all imports, with additional tariffs of up to 145% on certain countries, including China, to reduce the trade deficit and encourage domestic manufacturing. However, this policy triggered a trade war, particularly with China, which retaliated with tariffs of up to 125% on U.S. goods. After negotiations, both countries agreed to temporarily reduce tariffs for 90 days. Additionally, Trump proposed a 100% tariff on foreign films, which received criticism from industry figures like Robert De Niro. This policy sparked controversy as it was seen as a consumption tax that burdened U.S. consumers and increased global economic uncertainty.