Overview

• President Donald Trump has imposed unprecedented tariffs, including 25% levies on imports from China, the EU, Canada, and Mexico, with further increases planned.
• Retaliatory tariffs from Canada, the EU, and China amount to $100 billion, with Mexico also vowing tough countermeasures against U.S. imports.
• Economists warn that Trump’s aggressive trade policy could harm U.S. economic growth, increase inflation, and worsen market volatility, as stocks have already fallen significantly.
• Trump’s justification for the tariffs centers on reducing the U.S. trade deficit and reviving domestic manufacturing, though experts challenge the effectiveness of this approach.
• Republican frustration is growing, with some lawmakers and strategists questioning the administration’s lack of a coherent endgame for the escalating trade conflict.