Trump has rolled back many of his steepest tariffs over recent months, including a sky-high levy on China, the top source of U.S. imports. In recent days, however, Trump announced plans to slap tariffs as high as 50% on dozens of countries, including 25% tariffs on top U.S. trade partners such as Japan and South Korea.

While Philippine exports to the United States are still set to face a 19% tariff, economists expect only limited impact on the country's economy given its relatively low dependence on American demand compared with other Asian economies,

Trump’s proposed 15% ‘universal tariff’ could cost American households an extra $2,400 a year, raising consumer prices and shaking the economy as a key deadline nears.

President Donald Trump's tariff policies have created global economic uncertainty since taking office. A timeline of key actions reveals rising tariffs on Mexican, Canadian, and Chinese imports, causing market chaos and affecting worldwide trade relations.

President Trump's tariffs are almost "tailor-made" to hit the goods that lower income households prefer to purchase, says economist Ernie Tedeschi of Yale's nonpartisan Budget Lab.

The recent inflation rise to 2.7% in June, driven by consumer prices, signals potential financial strain. As tariffs take effect, consumers may face increased costs, impacting their purchasing power.

The tariff policy under President Donald Trump has been a cornerstone of his trade strategy, promising substantial federal revenue.

President Donald Trump’s vows to roll out punishing new tariffs on Aug. 1 have barely made a ripple with investors who are convinced he’ll once again back down. But at the White House, officials insist they’re serious this time.

As the tariff pause ends, the Trump administration should pivot to a more targeted and strategic policy that minimizes domestic harm.