As of May 2025, the new customs tariffs implemented by US President Donald Trump have shaken global trade balances, bringing along economic and legal debates. These developments are affecting many sectors, including cryptocurrency markets.

🏛️ Legal Developments and Court Decisions

The U.S. International Trade Court declared Trump's extensive tariffs illegal. The court stated that the President exceeded his authority by implementing such tariffs without Congressional approval. However, the federal appeals court temporarily stayed this decision, allowing the tariffs to remain in effect. The Trump administration plans to appeal to the Supreme Court, arguing that this decision was made on national security grounds.

📊 Economic Effects and Market Reactions

Trump's tariffs have started to have significant effects on the US economy:
• Automotive Sector: The 25% tariff on imported vehicles could increase the cost of cars produced in the U.S. by approximately $3,000, and those produced in Canada or Mexico by up to $6,000. This situation could lead to decreases in production of up to 30% and a daily reduction of about 20,000 vehicles.
• Inflation: Rising import costs may trigger inflation by causing an increase in consumer prices. Price increases are particularly expected in essential consumer goods such as electronics, clothing, and food.
• Employment: While increases in employment are observed in some sectors, such as ( steel production ), layoffs and reductions in production capacity may occur in sectors dependent on imports.

🌐 International Reactions and Countermeasures

In response to Trump's tariffs, many countries took retaliatory measures:
• European Union: Imposed tariffs of approximately $26 billion on products imported from the USA. These products include agricultural products, textiles, and household goods.
• Canada and Mexico: Imposed tariffs of up to 25% on US products. In particular, steel, aluminum, and agricultural products were affected by these tariffs.
• China has imposed tariffs of up to 15% on agricultural products imported from the US and has introduced import restrictions on some US companies.

📉 Global Economic Outlook

The Organisation for Economic Co-operation and Development (OECD) has revised downwards its forecasts for the US and global economic growth. The US economy is expected to grow by 2.2% in 2025 and 1.6% in 2026. The global growth forecast is projected at 3.1% for 2025 and 3.0% for 2026.

🔍 Evaluation

Trump's tariff policy may provide protection in some sectors in the short term, but it could harm global trade relations and negatively impact economic growth in the long term. Investors and businesses should reassess their strategies in this uncertain environment and be more proactive in risk management.
#Trump Tariff Update#