#TrumpTariffs The tariff measures imposed by Donald Trump during his second presidential term have reconfigured the global trade landscape in 2025. Under the framework of his "America First" policy, the president implemented widespread 10% tariffs on all countries, with specific increases for partners with large trade deficits with the U.S. These provisions, announced on April 2 as part of the so-called "Liberation Day," included economic sanctions and reciprocal adjustments linked to the trade of Russian and Iranian oil.

The legality of these tariffs has been heavily questioned. In August 2025, a federal appeals court ruled that many of these measures violate the limits of presidential power established by the International Emergency Economic Powers Act (IEEPA), considering that trade levies are a prerogative of Congress and not the Executive. Although the decision did not immediately annul the tariffs, it did open the door to a deeper constitutional review and a possible intervention by the Supreme Court.

On the international front, the tariffs have generated retaliation from trading partners such as China, Mexico, Canada, and India. The latter country faces a 25% tariff for importing Russian oil, which has put at risk up to $45 billion in exports and has sparked the debate over diplomatic measures versus economic retaliation. Despite this, India has maintained solid economic growth, with a projection of between 6.3% and 6.8% for the fiscal year.

The impact of Trump's tariffs continues to be a subject of analysis. While some American manufacturing sectors celebrate trade protection, others warn of rising prices for consumers and volatility in supply chains. The strategy has polarized the economic debate, positioning tariffs as a tool of geopolitical power rather than as a conventional trade instrument.