Trump's Tariffs Roil Global Trade, Hike Costs & Fuel Market Chaos in 2025

• Trump's 2025 tariffs disrupted global trade, raising costs for consumers/businesses and fueling market volatility.
• The "effective" US tariff rate peaked at nearly 17% in November 2025, seven times January's average and highest since 1935.
• Tariffs generated over $236 billion for the US Treasury but failed to replace income taxes or fully narrow the trade deficit.
• US imports from China fell nearly 25% due to 47.5% tariffs, shifting trade patterns towards Mexico, Vietnam, and Taiwan.
• Stock market volatility, particularly the S&P 500, mirrored the erratic rollout and impact of Trump's tariff policies.

Why It Matters: Trump's 2025 tariffs caused significant economic turbulence, raising costs and reshaping global trade.