#TrumpTariffs Donald Trump's administration has imposed various tariffs on imported goods, sparking trade wars with several countries. Here's a breakdown of the current situation ¹ ²:

- *Tariff Rates:* Trump imposed a blanket 10% tariff on all imports, with elevated tariffs on 57 nations. Some countries face tariffs as high as 50% or more, such as:

- *Steel and Aluminum:* 50% tariff on steel and aluminum imports from countries like Canada and Mexico, with some exemptions for USMCA-compliant goods.

- *China:* Effective tariffs on Chinese imports raised to 145% after April 9, 2025.

- *European Union:* Trump plans to impose a 50% tariff on EU imports, initially set to start on June 1 but delayed to July 9.

- *Trade Wars:* Trump's tariffs have sparked trade wars with countries like China, Canada, and Mexico, with some countries retaliating with their own tariffs on US goods.

- *Court Ruling:* A federal court blocked Trump's "Liberation Day" tariffs, citing an unconstitutional use of emergency powers.

- *Upcoming Deadlines:* Trump signed letters imposing tariffs on several economies, including Taiwan and the EU, with rates ranging from 10% to 70%. These tariffs are likely to take effect on August 1 ³ ⁴.