#TrumpTariffs - Donald Trump's tariffs are a key part of his "America First" trade policy. Here are some key points about Trump's tariffs :
- Tariff Rates*: Trump imposed a 10% baseline tariff on many imported goods, with higher rates for specific countries and products, such as 25% on steel and aluminum from certain countries.
- Product-Specific Tariffs*: Tariffs have been imposed on various products, including:
- Steel and Aluminum
- Automobiles
- Semiconductors and Electronics
- Movies
- Reciprocal Tariffs*: Trump has also implemented reciprocal tariffs, which impose tariffs on US trading partners that impose tariffs on the US.
- Exceptions and Exemptions*: Some products and countries are exempt from certain tariffs, such as goods loaded onto a vessel at the port of loading and in transit on the final mode of transport before the reciprocal tariffs take effect.