Trump’s Tariffs: Where Things Stand in 2025
- Miguel Virgen, PhD Student in Business
- Mar 12
- 4 min read
Donald Trump has long been a vocal advocate for tariffs and trade protectionism, framing them as tools to revive U.S. manufacturing, reduce the trade deficit, and address national security concerns. Since his time in office, Trump’s tariff policies have had far-reaching effects on the U.S. economy, global trade relations, and key industries. Trump has reiterated his commitment to imposing even stricter tariffs—promising they will bolster the American economy and curb issues like illegal immigration and drug trafficking. But how effective have his past tariffs been, and what would a new round of Trump tariffs mean for businesses, consumers, and global trade? This article provides a comprehensive overview of Trump’s tariff policies, their impact on the economy, and where things currently stand.
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