#TrumpTariffs President Donald Trump's recent tariff policies have significantly impacted global trade dynamics, drawing both support and criticism. Here's an overview of the key developments:

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🔹 Sweeping Tariff Measures

Universal Tariff Implementation: In April 2025, President Trump invoked the International Emergency Economic Powers Act (IEEPA) to impose a 10% tariff on all imports, citing national security concerns over persistent trade deficits. Countries with the largest trade deficits with the U.S. faced even higher "reciprocal" tariffs, calculated based on bilateral trade imbalances. For instance, China's tariff rate was initially set at 67%, later escalating to 145% before being reduced to 30% during a 90-day trade truce .

Targeted Tariffs on Specific Sectors: Additional tariffs were imposed on sectors like steel, aluminum, automobiles, pharmaceuticals, lumber, and computer chips. Notably, a 25% tariff was placed on all steel and aluminum imports starting March 12, 2025 .

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🔹 Tariffs as a Geop