#TrumpTariffs In 2025, President Trump imposed sweeping tariffs, escalating trade tensions globally. Using the International Emergency Economic Powers Act (IEEPA), he set 25% tariffs on Canada and Mexico, 145% on China, and 10% on other nations, citing national security and trade deficits. Steel and aluminum tariffs doubled to 50%. Critics argue these measures raise costs for U.S. consumers and businesses, risking inflation and economic slowdown. Courts ruled some IEEPA tariffs illegal, but appeals temporarily reinstated them. Retaliatory tariffs from China, Canada, and the EU target U.S. exports, deepening trade wars and uncertainty.