#TrumpTariffs

The recent updates to the commercial tariffs of the United States, implemented by President Donald Trump, have sparked intense reactions in the international arena. Since April 2025, a base tariff of 10% has been imposed on almost all imports, with specific exceptions for electronic products. Additionally, specific tariffs have been applied, such as 25% on imported steel, aluminum, and automobiles. China, in turn, faced a tariff of 145%, which was later reduced to 80% after bilateral negotiations.

These measures have generated significant concerns among the U.S. trading partners. Mexico, for example, proposed new rules of origin under the USMCA to curb the advance of Chinese imports in North America. Meanwhile, the United Kingdom celebrated a "comprehensive and robust" trade agreement with the U.S., although some tariffs, such as the 10% on certain British products, have been maintained.

Regarding the BRICS group, Trump threatened to impose tariffs of 100% if the member countries proceed with plans to create their own currency to replace the dollar in international transactions. This stance has been seen as an attempt to preserve the dominance of the dollar in global trade.

Domestically, these tariff policies have caused volatility in financial markets and concerns about the impact on the U.S. economy. The Federal Reserve downgraded its economic growth forecast for 2025 from 2.1% to 1.7% and raised its inflation expectation from 2.5% to 2.7%. Sectors such as automotive and energy are among the most affected, with companies warning of potential cost increases and disruptions in supply chains.

In summary, the recent updates to U.S. trade tariffs reflect a protectionist approach that has significant implications for both the global and domestic economy.