#TrumpTariffs During his second presidency, United States president Donald Trump enacted a series of steep protective tariffs affecting nearly all goods imported into the United States. Upon the second inauguration of Donald Trump in January 2025, the average effective US tariff rate was 2.5%. It rose to an estimated 27%, the highest level in over a century, due to the Liberation Day tariffs.[2] After rollbacks, as of June 1, 2025, the average effective tariff rate was 15.1%.[3]Trump announced a minimum 10% tariff on all US imports, effective April 5, and higher tariffs on imports from 57 countries. The announcement of these controversially[6][7][8][9] named "reciprocal tariffs" prompted retaliation from trade partners and triggered a stock market crash.[10] According to the Trump administration's reciprocal tariff formula, trade deficits are seen as inherently harmful,[