#TrumpTariffs President Trump's trade policies in 2025 have unleashed a wave of tariffs, impacting global trade and US consumers. Here's a quick rundown:

Broad Tariffs: A 10% baseline tariff is in place on most imports, with higher rates for countries with large trade deficits.

China Focus: Tariffs on Chinese goods reached as high as 145%, then were significantly reduced in May/June to 55% for US imports from China, and 10% for Chinese imports from the US.

Economic Impact: Expect higher prices for consumers, reduced GDP, and potential supply chain disruptions. Retaliatory tariffs from other nations are also affecting US exports.

Goal: The administration aims to rebalance trade and bring manufacturing back to the US.

The trade landscape remains volatile, with ongoing negotiations and market fluctuations. Keep an eye on how these policies continue to shape the global economy! #TrumpTariffs #TradeWar #GlobalEconomy