It seems like you're discussing the recent tariffs imposed by the Trump administration. To break it down ¹ ²:

- *Tariff Overview*: The Trump administration has enacted a series of protective tariffs affecting nearly all goods imported into the US. The average effective US tariff rate rose from 2.5% to 27% in early 2025, the highest level in over a century.

- *Key Tariff Rates*:

- *Baseline Tariff*: A universal 10% tariff on all imported goods.

- *China Tariffs*: The US has imposed tariffs on Chinese goods, peaking at 145% in April. However, a recent trade deal may set US tariffs at 55% on Chinese goods.

- *Steel and Aluminum Tariffs*: Increased to 50%.

- *Trade Agreements*: The US has reached trade deals with countries like the UK and China, adjusting tariffs and trade terms.

- *Economic Impact*: The tariffs have contributed to downgraded GDP growth projections and increased prices for consumers.

These tariffs aim to promote domestic manufacturing, protect national security, and substitute for income taxes, according to the Trump administration. However, economists have criticized the approach, citing potential negative effects on the global economy and trade relationships ² ³.