#TrumpTariffs In 2025, President Trump implemented steep tariffs, escalating the U.S. trade war with China, Canada, and Mexico. Tariffs on Chinese imports hit 145%, prompting China's 125% retaliatory tariffs and rare earth export restrictions. Canada and Mexico faced 25% tariffs, later eased for USMCA-compliant goods. Steel and aluminum tariffs doubled to 50% by June, aiming to boost domestic production but raising costs for U.S. consumers and businesses. The average U.S. tariff rate rose from 2.5% to 15.1% after rollbacks. Critics warn of inflation, reduced GDP, and global trade disruptions, while supporters argue tariffs protect American jobs and national security.