#TrumpTariffs Donald Trump's tariffs have been a central aspect of his economic policy, particularly in his second term. Here's a breakdown:

Key Tariff Actions:

- *Steel and Aluminum Tariffs*: Trump imposed 25% tariffs on steel and aluminum imports, later increased to 50% on June 4, 2025, aiming to strengthen domestic production.

- *China Tariffs*: Trump escalated the China-US trade war, raising baseline tariffs on Chinese imports to 145%. China retaliated with 125% tariffs on US goods.

- *Universal Tariffs*: Trump announced a minimum 10% tariff on all US imports, effective April 5, 2025, sparking concerns about inflation and recession.

- *Auto Tariffs*: Trump imposed 25% tariffs on automobiles.

Impact and Controversy:

- The average effective US tariff rate rose to 27%, the highest in over a century, before being rolled back to 15.1% as of June 1, 2025.

- Critics argue that tariffs will lead to higher prices, larger deficits, and greater inequality.

- The World Trade Organization (WTO) has ruled some of Trump's tariffs violate global trade rules ¹.