#TrumpTariffs

📌 Key Tariffs Introduced by Trump (2025)




  • Universal 10% Tariff:

    Effective April 5, 2025, nearly all imported goods are subject to a 10% tariff. Trump claimed this measure was to fix trade imbalances and protect American industries.

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  • 50% EU Tariff Threat:

    On May 24, 2025, Trump announced a possible 50% tariff on goods imported from the European Union to address the U.S.-EU trade deficit.

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  • Tariffs on Chinese Goods (up to 145%):

    Some Chinese imports, especially electronics and consumer goods, are now subject to tariffs as high as 145%.

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  • 25% Tariffs on Canada and Mexico:

    Effective February 1, 2025, these tariffs were justified on national security and drug trafficking concerns.

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  • 25% Tariff on Countries Importing Venezuelan Oil:

    Signed into law on March 24, 2025, this order penalizes countries that buy oil from Venezuela.

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💰 Economic Impacts




  • GDP and Wage Reductions:

    According to the Penn Wharton Budget Model, Trump's tariffs could reduce U.S. GDP by 6% and wages by 5% over the long term. The average household could lose about $22,000 over a lifetime.

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  • Higher Consumer Prices:

    Prices for items like furniture surged dramatically. For example, furniture prices increased seven times faster than the average inflation rate in April 2025.

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  • Supply Chain Disruptions:

    Global supply chains have been destabilized, increasing uncertainty and hurting investment and production decisions.

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🌍 Global Reactions




  • EU Response:

    The EU gave a 90-day pause before retaliation and began negotiations with the U.S.

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  • China Retaliates:

    China imposed 10–15% tariffs on U.S. agricultural imports, affecting American farmers significantly.

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  • Canada & Mexico Countermeasures:

    Canada applied 25% tariffs on $155 billion worth of U.S. goods. Mexico announced similar plans.

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📉 Financial Market Effects




  • Market Volatility:

    Trump’s tariff plans and legislation like the “One Big Beautiful Bill Act” triggered uncertainty and a credit rating downgrade.

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  • Rising Interest Rates:

    30-year U.S. treasury bond yields exceeded 5%, the highest in 18 years, raising borrowing costs across the board.

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🧾 Summary


Trump’s tariff strategy may provide short-term protection for specific U.S. industries, but it risks long-term harm through:




  • Decreased economic growth




  • Higher prices for consumers




  • Trade wars with allies




  • Weakened global supply chains




  • Market instability




Let me know if you'd like charts, further breakdowns by country, or a comparison with his first term tariffs.