#TrumpTariffs

As of May 2025, President Donald Trump's tariff policy has once again come under the spotlight of global financial markets. The main news was the announcement from the U.S. regarding the reduction of tariffs on Chinese goods — from 145% to 30% — within a 90-day trade truce. This was made possible after prolonged negotiations between Washington and Beijing. In response, China also reduced its tariffs from 125% to 10%.

At the same time, Canada expressed concerns over the new U.S. tariffs. Particularly worried is Allegheny County, where exports to Canada exceed $1 billion annually. Canadian officials warn that such tariffs could lead to local economic crises in the U.S.

India, in turn, proposed mirror tariffs in response to U.S. restrictions. Separately, the initiative for a 100% tariff on foreign films caused a stir — actors and filmmakers, such as Robert De Niro, criticized this move at the Cannes Film Festival.

Additionally, since April, a universal tariff of 10% on most imports has been in effect, which, according to the Trump administration's plan, is intended to stimulate domestic production. Market reactions have thus far been cautiously reserved.