🇺🇸 U.S. Tariffs Implemented Under Trump (2025)

• 10% Baseline Tariff: Applied to nearly all imports starting April 5, 2025.
• “Reciprocal” Tariffs: Announced April 2, targeting 57 countries (11%–50%). Suspended for 90 days (except China).

Country-Specific Tariffs

• China: Up to 145% on imports
• Canada & Mexico: 25%, with USMCA exemptions
• EU: 20% levy on imports

Sector-Specific Tariffs

• Steel & Aluminum: 25%
• Automobiles & Parts: 25%
• Other Products: Threatened or implemented on semiconductors, pharmaceuticals, etc.

🌍 Retaliatory Tariffs Imposed on the U.S.

• China: 125% on U.S. goods, rare earth export restrictions
• EU: Tariffs on $22B in goods (soybeans, motorcycles, beauty products)
• Canada: $29.8B in tariffs, including 25% on autos
• Mexico: Broad retaliatory tariffs (details unspecified)

💵 Impact on U.S. Consumer Prices

• Average household increase: ~$5,000 annually
• Plastic goods: ~+22%
• Apparel: +40–60%
• Almonds: Prices dropped domestically due to loss of Chinese exports

📉 Broader Economic Effects

• GDP Impact: -6% projected
• Wages: Estimated 5% reduction
• Lifetime Household Loss: ~$22,000 (middle-income)
• Import Decline: ~$740B in 2025

These extensive tariffs and resulting trade tensions have led to significant economic shifts, affecting prices, global trade, and consumer well-being.