#TrumpTariffs In April 2025, President Trump introduced sweeping tariffs, dubbed "Liberation Day," targeting imports to bolster the U.S. economy. A baseline 10% tariff applies to all goods, with higher rates—up to 54% on China—aimed at matching duties other nations impose on U.S. exports. Trump claims this will revive American industry, but economists warn of rising consumer prices, inflation, and a potential global trade war. Markets have tumbled, and trading partners threaten retaliation, raising recession fears. While supporters see it as a bold economic reset, critics argue it risks disrupting supply chains and hurting U.S. households most.