#TrumpTariffs Donald Trump's tariff policies have been a key aspect of his economic strategy. Here's a breakdown ¹ ² ³:

- *Tariff Rates*: Trump has imposed a universal baseline tariff of 10% on all US imports, with higher "reciprocal tariffs" planned for 57 countries. Tariffs on China have increased to 125%, while Mexico and Canada face 25% tariffs on most goods.

- *Affected Countries*: Countries impacted by Trump's tariffs include China, Mexico, Canada, Japan, the EU, and Vietnam, with country-specific duties ranging from 20% to 46%.

- *Impact*: The tariffs have disrupted global trade flows, with ocean freight bookings dropping nearly 50% after the initial announcement. Economists estimate the universal tariff could raise approximately $2.5 trillion over the 2026-2035 budget window.

- *New Developments*: Trump has also threatened 100% tariffs on foreign-made films and plans to send letters to hundreds of countries outlining new tariff rates.