#TrumpTariffs
Trump's tariff definitions refer to the taxes imposed on imported goods to the United States during Donald Trump's presidency, whether in his first term (2017-2021) or second term (2025 to present). Below is a breakdown of the tariffs:
Key tariff measures:
- *Tariffs on China*: Trump escalated his trade war with China by raising the basic tariffs on Chinese imports to 145%. China retaliated by imposing a tariff of no less than 125% on American goods and restricted exports of rare metals.
- *Tariffs on steel and aluminum*: A tariff of 25% was imposed on steel and aluminum imports from all countries to boost domestic production.
- *Tariffs on automobiles*: A tariff of 25% was imposed on all imported cars, including those coming from Mexico and Canada, aimed at boosting local manufacturing.
- *Comprehensive tariffs*: Tariffs of no less than 10% were imposed on all U.S. imports, starting from April 5, 2025, with higher tariffs on imports from 57 countries ranging from 11% to 50%.
Impact and reactions:
- *Escalation of the trade war*: The tariffs led to retaliatory measures from trading partners, resulting in a stock market crash and raising fears about rising prices and product shortages.
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