#TrumpTariffs

Trump's tariffs are shaking up global trade! 🌎️ Here's what's happening¹ ²:

- *Tariff Hikes:* Trump's administration has imposed significant tariff increases on imported goods, including a 25% tariff on steel and aluminum products, and up to 145% on Chinese goods.

- *Global Impact:* The average applied US tariff rate has skyrocketed to 27%, the highest level in over a century, affecting nearly all goods imported into the US.

- *Trade War Escalation:* China has retaliated with 34% reciprocal tariffs on US goods, escalating the trade war.

- *Court Ruling:* A federal court has blocked some of Trump's tariffs, citing overreach of presidential power.

The tariffs aim to protect US industries, but critics argue they'll harm consumers and the economy. What's your take on Trump's tariffs? Share your thoughts! #TrumpTariffs #TradeWar #GlobalEconomy³