#TrumpTariffs

Donald Trump has significantly implemented tariffs during his presidency and has continued to advocate for them in 2025. His tariff policies are aimed at reducing trade deficits, encouraging domestic production, and addressing what he perceives as unfair trade practices by other countries.

Here's a breakdown of Trump's tariffs and their impacts:

Key Tariff Policies and Implementation (as of 2025):

* Global Tariffs: On April 2, 2025, Trump announced a minimum 10% tariff on all U.S. imports, effective April 5, 2025. This was dubbed "Liberation Day." Higher "reciprocal tariffs," ranging from 11% to 50%, were set to take effect on April 9, 2025, for countries with which the U.S. has the largest trade deficits. These higher tariffs were later suspended for 90 days for all countries except China.

* Steel and Aluminum Tariffs: A 25% import tax on all steel and aluminum entering the U.S. (including products made from these metals) took effect on March 12, 2025. On June 4, 2025, this rate was doubled to 50%.

* China Tariffs:

* 10% tariffs on all imports from China took effect on February 4, 2025.

* This doubled to 20% a month later (March 4, 2025).

* On April 2, 2025, additional 34% duties were announced on all Chinese imports.

* China retaliated with its own 34% tariffs on U.S. goods, leading Trump to announce a further 50% tariff on China on April 7, 2025.

* China responded by raising its tariff on U.S. goods to 84% on April 9, 2025. Trump then threatened to raise tariffs on China to 125%.

* A new trade deal with China was confirmed on June 12, 2025, pending final approval, under which the U.S. will impose a 55% tariff on Chinese imports, while China will apply a 10% tariff on American goods.

* Canada and Mexico Tariffs:

* In February 2025, Trump introduced a 25% tax on imports from both countries and a 10% levy on Canadian energy, citing border security and fentanyl issues.

* These tariffs received 30-day suspensions and took effect on March 4, 2025.