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Tariffs in the second Trump administration

Tariffs in the second Trump administration

Rare card · No. 73445

During his second term as president of the United States, Donald Trump enacted a series of steep tariffs affecting nearly all goods imported into the country. From January to April 2025, the overall average effective US tariff rate rose from 2.5% to an estimated 27%—the highest level in over a century. After changes, negotiations, and the invalidation of certain tariffs by the Supreme Court of the United States, the overall average effective tariff rate was 12.1% as of July 21, 2026. The items most affected by the tariffs are metals, items mostly made of metal, and vehicles. Although the Constitution of the United States grants Congress the sole authority to levy taxes—including tariffs—since 1930, Congress has passed laws allowing the president to impose tariffs unilaterally for national security reasons. Under Section 232 of the 1962 Trade Expansion Act, Trump raised tariffs on cars, steel, aluminum, copper, and related derivative products as high as 50%. New tariffs on large-scale batteries...

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