#TrumpTariffs Impact of Trump's tariffs on the global economy.

The tariffs imposed by President Donald Trump, announced as part of his trade strategy in 2025, have generated significant turbulence in global markets. With a focus on "reciprocal tariffs," which include levies of up to 50% on countries like China and 25% on Canada and Mexico, Trump aims to reduce the U.S. trade deficit and promote domestic production.

However, these measures have raised import costs, affecting consumers and businesses that rely on foreign goods. The uncertainty has led to declines in stock markets, with the S&P 500 losing 6% following the announcement. Additionally, retaliations from trade partners threaten to escalate a trade war, which could slow global economic growth.

Although Trump defends the tariffs as a tool to strengthen the economy, critics warn of inflationary and recessionary risks.