#TrumpTariffs
## ๐จ #TrumpTariffs โ August 2025 Breakdown
### ๐ Context:
With Donald Trump securing the GOP nomination and leading major polls for the 2026 U.S. presidential election, he has **revived his strong trade rhetoric**, triggering early market reactions.
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### ๐งพ **What Are the New Trump Tariff Proposals?**
| Sector | Proposed Tariff | Target |
|--------|------------------|--------|
| **All imports** | **10% universal baseline tariff** | Global |
| **Chinese goods** | **60%+ tariffs** on key categories | China |
| **EVs & Batteries** | Up to **100% tariffs** | China, Mexico |
| **Steel & Aluminum** | 25%โ50% | Global |
| **Semiconductors** | Targeted tariffs + subsidies | Taiwan, South Korea, China |
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### ๐ง **Key Goals (According to Trump Campaign)**
- **Bring manufacturing back to the U.S.**
- **Reduce dependence on Chinese supply chains**
- **Protect American jobs & industries**
- **Strengthen "America First" economic policy**
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## ๐ Market & Global Reactions
### ๐ **Market Volatility**
- **S&P 500**: Down 4% over July due to tariff fears
- **Tech sector**: Most impacted (Apple, Tesla, Nvidia facing supply chain risks)
- **Commodities**: Steel and aluminum prices spiked 12โ18%
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### ๐จ๐ณ **China Responds**
- Threatened **retaliatory tariffs**
- Accelerating **Yuan devaluation** to stay export-competitive
- PBOC looking at **export subsidies** for EVs and solar panels
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### ๐ช๐บ **EU Position**
- Warned of **WTO disputes**
- Considering **countermeasures** if EU is affected
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### ๐ญ **Industries at Risk**
| Industry | Impact |
|----------|--------|
| **Auto** | EV costs expected to rise sharply |
| **Tech** | Tariffs on chips & parts could disrupt supply |
| **Retail** | Consumer prices may rise by Q4 2025 |
| **Agriculture** | Potential for Chinese retaliation on soybeans, corn |
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### ๐งฎ **Economic Forecasts (Q3 2025)**
| Metric | Projection |
|--------|------------|
| **Inflation** | +0.6% projected increase from tariffs |
| **GDP Growth** | Possible -0.3% drag in 2026 |