In January 2025, President Donald Trump -- now serving his second non-consecutive term -- unveiled a sweeping tariff regime designed to recalibrate America's global trade relationships. Among the measures was a blanket 10% tariff on all imported goods, accompanied by higher, so-called "reciprocal" tariffs targeting specific regions: 20% on EU imports and a dramatic 145% on goods from China. While these heightened rates were temporarily paused on April 9, 2025, for 90 days (excluding China), the 10% baseline tariff remains broadly in effect, symbolizing a shift toward an overtly protectionist economic doctrine.