#TrumpTariffs
As of June 2024, former President Donald Trump has proposed significant new tariffs if he wins the 2024 election, but no new Trump-era tariffs have been implemented yet. Here’s the latest:
### **Current Trump Tariff Proposals (2024 Campaign)**
1. **Universal Baseline Tariff**
- Trump has suggested imposing a **10% across-the-board tariff** on all imports, which would apply to both allies and adversaries.
- This would be in addition to existing tariffs on China and other targeted goods.
2. **Escalated China Tariffs**
- He has floated raising tariffs on Chinese imports to **60% or higher**, up from the current average of about **19%**.
- This could reignite the U.S.-China trade war.
3. **"Ring Around the U.S." Tariff**
- Trump has mentioned a **10% tariff on imports from most countries** and a **60%+ tariff on China**, creating a protectionist "ring."
4. **Potential Auto Tariffs**
- He has also discussed **tariffs on foreign-made cars**, possibly as high as **100%**, to protect U.S. automakers.
### **Existing Trump-Era Tariffs Still in Place**
- **Section 301 China Tariffs** (2018-2019)
- **$370B+** in Chinese goods still face tariffs (25% on many items).
- Biden largely kept these in place, with some exemptions.
- **Steel & Aluminum Tariffs** (Section 232, 2018)
- **25% on steel, 10% on aluminum** from most countries.
- Some exemptions for allies (EU, Japan, etc.) were negotiated under Biden.
### **Market & Political Reactions**
- **Business groups** warn of higher consumer prices and trade wars.
- **Proponents** argue it would boost U.S. manufacturing.
- **Global markets** are watching closely, as new tariffs could disrupt supply chains.
Would you like analysis on how this could impact specific sectors (tech, autos, agriculture)? Or updates on Biden’s current trade policies?