#TrumpTariffs According to Elon Musk, Trump's tariff policy has placed a significant burden on the American people, particularly due to rising inflation. Trump has set tariffs according to his priorities, which include *25% tariff on China, 50% on steel and aluminum, and 30% on the European Union*¹²³.
*Affected countries:*
- *China*: 47.5% tariff
- *Japan*: 25% tariff
- *South Korea*: 25% tariff
- *European Union*: 30% tariff
- *Canada*: 25% tariff
- *Mexico*: 30% tariff⁴
*Impacts of Trump's tariff policy:*
- Burden of inflation on the American people
- Decrease in American profits
- Risk of a trade war⁵⁶⁷
What do you think about Trump's tariff policy?