#TrumpTariffs The #TrumpTariffs refer to the tariffs imposed during Donald Trump's presidency and potentially in his second term. Here's a breakdown ¹ ²:

*Key Tariffs Imposed*$SOL

- *Steel and Aluminum Tariffs*: 25% tariff on steel and 10% tariff on aluminum, later increased to 50% on steel and aluminum

- *China Tariffs*: 10% tariff on all imports from China, later increased to 145% on most imports

- *Auto Tariffs*: 25% tariff on autos and certain auto parts

- *Universal Tariff*: 10% baseline tariff on all countries, with higher tariffs on trading partners based on trade balance

*Economic Impact*

- *GDP Reduction*: Estimated 0.8% reduction in US GDP, or 0.2% if IEEPA tariffs are enjoined

- *Revenue Increase*: $2 trillion in revenue over 10 years, or $603 billion if IEEPA tariffs are enjoined$ETH

- *Tax Increase*: Average tax increase of $1,183 per US household in 2025 and $1,445 in 2026

*Retaliation from Other Countries*

- *China*: Imposed 10% and 15% tariffs on $13.9 billion of US exports, later increased to 125% on all US exports

- *Canada*: Imposed 25% tariffs on $20.8 billion of US exports

- *European Union*: Lifted suspension of previous tariffs, affecting $8 billion of US exports$BTC

The Trump administration's tariffs have sparked controversy and debate, with some arguing they harm US consumers and businesses, while others see them as necessary to protect national security and promote fair trade ¹.