$BTC President Trump's tariffs aim to protect domestic industries, decrease US trade deficits, and increase revenue from duties. Here's a breakdown ¹ ²:

- *Tariff Types*:

- *Section 232 Tariffs*: Imposed on steel and aluminum imports, with rates ranging from 10% to 50%.

- *Section 301 Tariffs*: Imposed on Chinese goods, with rates up to 100% on semiconductors, steel, and aluminum products.

- *IEEPA Tariffs*: Imposed on Canada, Mexico, and China, with rates of 25% and 10%, citing national emergencies.

- *Economic Impact*:

- Estimated to reduce long-run US GDP by 0.2% to 0.8%, depending on the tariffs' scope