#TrumpTariffs
Trump intensified an ongoing trade war with China, raising the baseline tariffs on Chinese imports to 145%. In retaliation, China imposed a minimum tariff of 125% on American products and restricted exports of rare earth elements essential to high-tech industries. Trump also initiated a trade war with Canada and Mexico by imposing a 25% tariff on both countries, but later granted indefinite exemptions for goods compliant with the USMCA. He framed these actions as efforts to hold countries accountable for drug trafficking and illegal immigration, while also supporting domestic manufacturing. [3] [4] Trump then added a 25% tariff on steel, aluminum, and automobiles from all countries.
