During his second presidency, United States President Donald Trump enacted a series of steep protective tariffs affecting nearly all goods imported into the United States. Between January and April 2025, the average effective US tariff rate rose from 2.5% to an estimated 27%—the highest level in over a century. As of May 2025, the average effective tariff rate is 17.8%.
In a fiery press exchange before boarding Air Force One, President Donald Trump declared the U.S. should be building “tanks, not..
President Trump warned of imposing 50% tariffs on European Union products, citing stalled trade negotiations. Speaking from the..