What tariffs has Trump announced and why?
Published: 7/31/2025

President Trump has announced new tariffs on goods from key trading partners, set to take effect on August 1. Trump argues that these tariffs will boost American manufacturing and protect jobs. However, these measures have introduced volatility into the global economy, leading to increased prices for US consumers and criticism from both his own party and foreign leaders. The tariffs aim to reduce the trade deficit and push consumers to buy American-made products.