#TrumpTariffs

The Trump administration has reactivated and expanded its protectionist tariffs, significantly raising the costs of international trade. Since April, a base tariff of 10% has been imposed on nearly all imported products, with additional levies of up to 50% on steel and aluminum. At the beginning of June, an escalation was announced: steel now at 50%, tariffs of 55% on Chinese imports, and a 10% retaliation from China, generating a fragile trade truce.

Meanwhile, an appeals court has upheld most of these tariffs pending review. Although some optimists point to the strengthening of the domestic industry — such as Hyundai investing in a steel plant worth USD 6 billion — experts warn that production costs and inflation are looming.