Trump's Tariffs: A Wild Economic Ride
Update: 2025-12-26
Description
Since President Trumps return to the White House in 2025, he has implemented a wave of steep tariffs on imports, shaking up global commerce and jacking up prices for American households and businesses. The effective U.S. tariff rate soared to nearly seventeen percent by November, seven times higher than in January, and the biggest jump since 1935. Trumps tariffs have raked in over $236 billion, narrowing the trade gap but still running seventeen percent ahead of last year. Imports from China plunged nearly 25% in the first nine months, while shipments from Canada dipped and goods from Mexico, Vietnam, and Taiwan surged. Consumers felt the pinch with higher costs on everything from electronics to clothes. Stock markets swung wildly in step with the tariff chaos, and businesses and families are bracing for more uncertainty in the months ahead.
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