Donald Trump's tariffs are a series of protective tariffs imposed on imported goods to the United States. Here's a breakdown of the tariffs:

Tariff Rates#TrumpTariffs

- General Tariff: 10% on all goods from all countries, effective April 5, 2025

- Steel and Aluminum Tariffs: 25% to 50% on steel and aluminum imports from all countries, aiming to bolster domestic production capabilities

- Car Imports: 25% levy on car imports, taking full effect by May 2025

- China Tariffs: 145% tariff on Chinese goods, including 125% baseline tariff and an additional 20% for fentanyl production#TrumpTariffs

Affected Countries

- China: 34% tariff rate

- India: 26% tariff rate

- European Union: 20% tariff rate

- Canada and Mexico: Initially faced 25% tariffs, but later exempted goods compliant with the United States–Mexico–Canada Agreement (USMCA)

Impact

- Higher Consumer Prices: Potential increase in prices due to tariffs

- Mixed Effects on Domestic Manufacturing: Boosts for some industries, higher costs for others

- Global Trade Disputes: Risk of retaliatory tariffs from affected countries¹ ²

Reactions

- European Union and Canada: Announced immediate counter-tariffs

- Australia, United Kingdom, Japan, and Brazil: New Zealand and Japan criticized the US actions but have not yet implemented retaliatory measures