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The trump tariffs amount to an average tax increase of nearly $1,300 per us household in 2025 See more on the 2025 trump trade war impact. President trump has claimed the authority to bypass congress and impose sweeping tariffs, but a new ruling throws that in doubt. President trump is using tariffs as a necessary and powerful tool to put america first after many years of unsustainable trade deficits that threaten our economy and national security. The “trafficking” tariffs are also invalid, the cit continued, because they do not “deal with an unusual and extraordinary threat,” as federal law requires By july 2025, tariffs represented 5% of federal revenue compared to 2% historically [5] under section 232 of the 1962 trade expansion act, trump raised steel, aluminum, and copper tariffs. The trump administration touts tariffs as part of a wider set of “america first economic policies,” which have “sparked trillions of dollars in new investment in u.s. From reciprocal tariffs to a focus on mexico and canada, here’s the latest on trump’s economic plan and how it will impact prices for american consumers. President donald trump on wednesday imposed sweeping new tariffs on all imported goods and unveiled a detailed list of reciprocal duties targeting more than 60 countries, asserting.