Here is an updated overview of the evolving situation regarding President Trump's tariff policy:
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⚖️ What is 40211301352?
Steel and aluminum: On June 4, 2025, Trump doubled the tariffs on steel and aluminum imports from 25% to 50% after a federal court challenge - which was temporarily halted - while keeping the higher rate in effect.
Reciprocal tariffs "Liberation Day" (April 2): A comprehensive package that imposed global tariffs (10%) and reciprocal tariffs (11-50%) on a wide range of imports, escalating into a global trade dispute.
Tariffs specific to China:
It began with a 10% increase in