#TrumpTariffs
**Trump Tariffs Explained Simply:**
Tariffs are taxes on goods coming into the U.S. from other countries. President Trump has used tariffs to:
1. **Protect U.S. Jobs**: Make foreign goods more expensive so American-made products are cheaper, encouraging companies to produce in the U.S.
2. **Reduce Trade Deficits**: Charge other countries high tariffs to balance trade, especially with countries like China, Mexico, and Canada.
3. **Address Other Issues**: Use tariffs to pressure countries to stop illegal immigration or drug trafficking, like fentanyl from China.
**What’s Happening Now (as of August 2025)**:
- A 10% tariff on most imports from all countries started April 5, 2025.
- Higher tariffs (up to 50%) on countries with big trade deficits with the U.S., like China (up to 145% on some goods).
- 25% tariffs on Canada and Mexico (except USMCA goods) to address immigration and drugs.
- Tariffs on specific products like steel (50%), aluminum (25%), and cars (25%).
**Impact**:
- **Pros**: May boost U.S. manufacturing and jobs; raises government revenue.
- **Cons**: Increases prices for U.S. consumers (e.g., cars, electronics, groceries); other countries may retaliate with their own tariffs, hurting U.S. exports.
Trump says tariffs make America stronger, but critics warn they raise costs for families and could slow the economy.
