#TrumpTariffs During his second presidency, Donald Trump has implemented significant protectionist tariffs on almost all goods imported to the United States. As of January 2025, the average effective tariff rate in the U.S. was 2.5%, but Trump has escalated it, especially with China. The basic tariffs on Chinese imports have risen to 145%, and a general tariff of 10% has been announced for most other imported goods. This has raised concerns about rising prices for consumers and businesses, as well as warnings of a possible recession and an impact on GDP growth. Despite some negotiations and temporary pauses in the enforcement of higher tariffs with certain countries, the Trump administration has reiterated its intention to maintain these policies in the long term. The tariffs have also generated significant revenue for the federal government, although there is debate about who really bears the cost.