Donald Trump's New Tariff Policy: What, Why and Its Impact



 ​Donald Trump is once again on the path of imposing tough tariffs in the implementation of his "America First" policy. This is going to add a new dimension to the global trade war. In today's blog, we will know exactly which tariffs Trump has imposed and what is the reason behind it.
​What tariffs has Trump basically imposed?
​Since the 2024 campaign and in preparation for taking office, Trump has mainly mentioned three types of tariffs:
​1. Universal Baseline Tariff: He has proposed imposing tariffs of 10% to 20% on almost all products imported into the United States.
2. Special tariffs on China: He has announced tariffs of 60% or more on Chinese products to reduce the trade deficit with China and protect local industries.
3.  Reciprocal Tariff Act: If a country imposes tariffs on American goods, the United States will impose the same amount of tariffs on that country's goods. Why are these tariffs being imposed? (Main reasons)
​There are several strategic reasons behind Trump's tough tariff policy:
​Protecting domestic industry: High tariffs will increase the price of foreign goods, which will encourage American citizens to buy domestic products. This will strengthen the US manufacturing sector.
​Reducing the trade deficit: The US currently imports much more than it exports. To reduce this imbalance, he is raising taxes on imports.
​Job creation: One of his goals is to reduce dependence on foreign goods, bring factories back to the US (Reshoring) and create new jobs.
​Geopolitical pressure: He wants to put economic pressure on the country, especially by imposing tariffs on China, and maintain American dominance in important technologies.
​What are the potential impacts?
​While this policy could be helpful for US industry, it also has some negative aspects:
​Increased product prices: The burden of tariffs ultimately falls on ordinary consumers, which can lead to inflation.
​Trade wars: Other countries (such as the EU or China) could retaliate by imposing tariffs on US goods.
​Supply chain disruptions: There could be major changes to the supply chains that exist around the world.


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