#TrumpTariffs

President Trump’s 2025 tariff regime slaps a **10 % “baseline” duty on almost all imports and adds steep, country-specific “reciprocal” rates—pushing the levy on Chinese goods to a fixed 55 %—driving U.S. tariff levels to their highest since the 1930s. Analysts warn the move could trim roughly half a percentage point from 2025 GDP and erode household purchasing power, even as the White House touts the extra revenue as a deficit fix.