#TrumpTariffs Former U.S. President Donald Trump has proposed new tariffs as part of his 2025 economic plan, aiming to impose a universal 10% tariff on all imported goods and higher rates on countries like China. Trump argues that these tariffs will protect American industries and reduce the trade deficit. Critics warn, however, that such tariffs could raise prices for consumers and strain international trade relations. Economists fear that widespread tariffs may trigger trade wars and harm global supply chains. If re-elected, Trump’s tariff strategy could reshape U.S. trade policy and have significant economic and geopolitical consequences both domestically and globally.