Trump's Tariffs: A Sevenfold Increase
Update: 2025-12-26
Description
President Trumps tariffs have significantly impacted global commerce, with effective tariff rates peaking at nearly seventeen percent by November. This has led to increased costs for consumers and businesses, while the trade deficit has narrowed but remains seventeen percent ahead of last year. Imports from China have plummeted, while shipments from Mexico, Vietnam, and Taiwan have surged. The stock market has also experienced volatility due to Trumps tariff announcements, with no signs of economic stability in the new year.
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