In April 2025, the Trump administration announced broad tariff rules that changed U.S. trade practices. With a 10% global tariff on all imports and higher rates for certain nations these measures aim to cut trade deficits and boost local production. But what do these changes mean for everyday consumers, businesses and global economic relationships? They could lead to higher prices at the store and trigger trade disputes with widespread impacts. This article explains the main parts of Trump's tariff policies, their economic reasoning and their potential to change global trade for many years. Key Components of Trump's New Tariff Policies Announced in 2025 The 2025 tariff policies introduced 2 main systems: global tariffs and reciprocal tariffs. Starting April 5, a flat 10% duty applies to all imports unless a higher country-specific rate is set. By April 9, 57 countries faced reciprocal tariffs ranging from 11% to 50% based on bilateral trade deficits. China faces the highest o...