#TrumpTariffs

#TrumpTariffs

Trump introduced a universal 10% tariff on nearly all imports in April 2025.

EU products face a possible 50% tariff.

Chinese goods face up to 145% tariffs, especially electronics.

Canada and Mexico hit with 25% tariffs.

Countries importing Venezuelan oil also face 25% tariffs.

🔹 Economic Effects

U.S. GDP could drop 6%, and wages may fall 5% long-term.

Consumer prices are rising, especially on furniture and imported goods.

Supply chains disrupted, causing delays and higher costs.

🔹 Global Response

EU, China, Canada, and Mexico have started or threatened retaliatory tariffs.

Trade tensions are rising globally.

🔹 Market Impact

Stock markets are unstable.

Interest rates hit 18-year highs, increasing borrowing costs.

⚠️ In Short:

Trump's tariffs protect some U.S. industries but risk long-term economic damage, higher prices, and global trade conflicts.

Let me know if you want a visual infographic or comparison with past tariffs.