#TrumpTariffs Donald Trump's tariff policies, both during his first administration and as proposed for a potential second, have been a significant point of discussion and concern in global economics. His approach is generally characterized by a protectionist "America First" agenda, aiming to boost American manufacturing, reduce trade deficits, and protect jobs.

Here's a breakdown of some key aspects:

Key Tariff Proposals and Implementations:

* Universal Baseline Tariff: Trump has announced a minimum 10% tariff on all U.S. imports, with this rate taking effect for most countries on April 5, 2025.

* "Reciprocal" Tariffs: He has proposed and in some cases implemented higher tariffs (ranging from 11% to 50%) on countries with which the U.S. has large trade deficits, often referred to as "worst offenders." While a 90-day pause was implemented for most countries on these higher reciprocal tariffs, they remain a key part of his policy.

* China: Tariffs on Chinese imports have been a major focus, with initial 10% tariffs in February (doubling to 20% a month later) and further increases, bringing the total duties on Chinese goods to about 55% to 145%.