#TrumpTariffs

President Trump recently enacted sweeping tariff policies, introducing steep new duties—up to 55% on Chinese imports and 50% on steel and aluminum—with baseline tariffs of 10% across most goods (). Despite ongoing legal challenges, including a federal appeals court reinstating many measures, tariffs remain in effect while negotiations continue (). The World Bank and S&P warn of rising import costs, inflation, and pressure on small businesses and tech prices (). Trump touts rare-earth import deals and broader trade pacts, but critics argue that tilted protectionism still risks economic drag and supply chain instability.