#TrumpTariffs Donald Trump's tariff policy, a cornerstone of his trade strategy, has been significantly ramped up during his second presidency. From January to April 2025, the average US tariff rate surged to an estimated 27%, the highest in over a century, affecting nearly all imported goods. The administration argues these tariffs promote domestic manufacturing, protect national security, and address perceived trade imbalances.

Recently, Trump threatened tariffs of 25-40% on fourteen countries, including key allies like Japan and South Korea, unless they make trade concessions by August 1st. He also warned an additional 10% tariff on BRICS nations that criticized his trade policies. While some initial broad tariffs faced legal challenges, they largely remain in effect. This aggressive approach aims to reshape global trade, though economists warn of potential negative impacts on GDP and increased consumer costs.