#TrumpTariffs

Trump imposed tariffs on several countries to protect American industries, most notably 34% on China, 20% on the European Union, and 10% on Britain and Brazil, while it reached 49% on Cambodia. Despite his new trade agreement with China, the U.S. Department of Commerce confirmed that the tariffs on China would not change and remain at 55%. These policies have impacted global trade, with British exports to America experiencing their largest decline due to these tariffs. In another development, a federal court ruled against some of the tariffs imposed by Trump, which could lead to changes in U.S. trade policy and effects on the global economy.