#TrumpTariffs Here’s a concise 100‑word summary of Trump’s latest tariff actions:

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In early 2025, former President Trump reinstated sweeping “reciprocal” tariffs under IEEPA, instituting a baseline 10% levy on all imports from April 5, with country‑specific increases up to 50% for major trade partners from April 9 – dubbed "Liberation Day" tariffs . He later imposed 25% duties on Canada, Mexico, Japan, South Korea, autos, steel, and aluminum, and threatened higher rates on over a dozen nations effective August 1 . These plans sparked legal challenges—resulting in temporary injunctions—and global market volatility, with critics contending they raise consumer prices, disrupt supply chains, and cool economic growth .

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