#TrumpTariffs (Tariff policies during the Trump administration) along with the positive events that accompanied it and their implications:

Positive results

1. Increasing tax revenues

Massive tariff revenues exceeding $100 billion were achieved since Trump took office, helping to fund part of the federal budget.

In May 2025 alone, tariff revenues rose to $24.2 billion – four times compared to the previous year.

The Congressional Budget Office (CBO) estimates that tariff revenues may contribute to reducing the federal deficit over the next decade.

2. Stimulating American manufacturing and reshoring production

Industrial facilities like Excel Dryer gained greater opportunities due to rising costs of foreign imports, helping them strengthen their domestic supply chains.

Small and medium industrial companies (like Jergens in Ohio) experienced a surge in growth and increased hiring (with a 10-15% increase in demand and the hiring of 25 new employees).

Stimulus for stronger local manufacturing, according to White House data and McKinsey consulting, as tariffs created additional job opportunities in the steel sector.

3. Improving the negotiating position and reciprocal trade

The administration tracked a strategy of 'reciprocal tariffs' reaching 70% on imports from countries without agreements, giving the U.S. significant negotiating leverage.

The threat of tariffs from Thailand on Vietnam was ended through an agreement in July 2025 that fixed tariffs on Vietnam at 20% compared to the 46% that was threatened, restoring confidence to companies like Nike and leading to a rise in their stock prices.

Reports of signing preliminary agreements with China and 18 other countries to suspend tariffs and possibly conclude long-term agreements.

4. Stimulating financial markets and stock performance

After announcing a temporary suspension of some tariffs in April, U.S. markets experienced a strong rebound and recorded record numbers in Nasdaq.

Trump's tariffs were integrated into the 'America First' policy, fueling investor confidence, especially in the technology and artificial intelligence sectors.

The implications and challenges

1. Increased costs to consumers

Prices of some imports (such as clothing and food) increased by only about 1.6-2.8% during 2025.

Middle-income families incurred additional expenses amounting to thousands of dollars annually due to tariffs.

The expected average annual household spending was about $5,200 according to the Center for American Progress.

2. Pressure on economic growth and averages

Models like the Penn Wharton Budget Model predicted that tariffs could reduce GDP by up to 6% and lower wages by 5% in the long term. The Yale Budget Lab report expected a decline of about 0.6% in long-term growth and a negative impact on other countries like Canada and China, estimating a slowdown in global and U.S. growth with potential repercussions on inflation and corporate investment.

3. Retaliatory tariffs

Countries like China and the European Union implemented counter-tariffs that burden American exports and limit their competitiveness.

American steel and aluminum lost jobs and faced rising costs for factories that depend on these materials.

The latest study (June 2025) from Stanford University indicated that any gains in U.S. business creation were nearly canceled out by subsequent retaliatory responses.

4. Legal and sovereign challenges

The U.S. International Trade Court halted the imposition of tariffs (Liberation Day) issued by a presidential emergency order on May 28, 2025, considering that it exceeded Trump's legal authority.

This reignited the debate over the legality of the administration's use of executive power to impose wide-ranging economic tariffs.

Updates until July 2025

Signing a trade agreement with Vietnam to reduce tariffs on a range of goods.

Expanding the (reciprocal tariffs) policy to include countries like the UK, India, and Taiwan, with the possibility of applying it to Japan and the European Union.

A court ruling invalidated part of the retaliatory tariffs (Liberation Day) through the U.S. International Trade Court.