Donald Trump's tariffs have been a significant aspect of his economic policy, both during his first term (2017-2021) and currently in his second term (2025-present). Here's a breakdown of key points ¹ ²:
- *Tariff Rates*: The average effective US tariff rate rose from 2.5% to an estimated 27% between January and April 2025, the highest level in over a century.
- *Tariff Actions*: Trump's tariff actions include:
- *Solar Panels and Washing Machines*: 30-50% tariffs imposed in January 2018
- *Steel and Aluminum*: 25% and 10% tariffs imposed in March 2018, respectively
- *Trade Policy*: Trump's "America First" trade policy aims for reciprocal trade and tariffs, with a focus on protecting domestic industries and promoting fair trade practices.
For more information on Trump's tariff policies and actions, you can visit the United States Trade Representative website ³.