As of today, **May 24, 2025**, here are the latest details on **Trump tariffs** (assuming you're referring to policies from Donald Trump's presidency or potential new proposals if he is in office again):
### **Current Status of Trump Tariffs (2025)**
1. **Legacy Tariffs from Trump’s First Term (2017-2021)**
- **China Tariffs**: Under Section 301, tariffs on **$370+ billion** worth of Chinese goods (ranging from 7.5% to 25%) remain largely in place. The Biden administration kept most of them, and Trump has suggested increasing them further if re-elected.
- **Steel & Aluminum Tariffs**: 25% on steel and 10% on aluminum from most countries (initially imposed in 2018 under Section 232 national security grounds). Some exemptions were granted, but key tariffs remain.
- **EU & Other Allies**: Auto tariffs (threatened but not fully imposed) and ongoing disputes over Airbus subsidies and digital taxes.
2. **2024 Campaign Promises (If Trump is President Again in 2025)**
- **Universal Baseline Tariff**: Trump has proposed a **10% across-the-board tariff** on all imports, which would be a major escalation.
- **China Tariff Hike**: Potential increase to **60% or higher** on some Chinese goods.
- **"Ringfencing" Key Industries**: More aggressive trade protections for electric vehicles (EVs), semiconductors, and pharmaceuticals.
- **Retaliatory Threats**: Likely more trade battles with the EU, Mexico, and others.
3. **Economic & Political Reactions**
- **Supporters**: Argue tariffs protect U.S. jobs and manufacturing.
- **Critics**: Warn of higher consumer prices, trade wars, and supply chain disruptions.
- **Global Impact**: Could trigger new rounds of retaliation (e.g., from China, EU).
### **Recent Developments (2024-2025)**
- **Biden’s Adjustments**: Some tariffs were modified (e.g., solar panels, EVs), but many Trump-era tariffs stayed.
- **WTO Challenges**: Ongoing disputes over whether U.S. tariffs violate global trade rules.
- **2025 Policy Shifts**: If Trump is in office, expect rapid changes—possibly within weeks of inauguration.
Would you like details on a specific tariff (e.g., China, autos, agriculture)? Or updates on legal/political challenges
