Donald Trump has proposed significant tariffs, including a 20% worldwide tariff and a 60% tariff on Chinese goods, which the Tax Policy Center estimates would raise household taxes by an average of nearly $3,000 by 2025 and reduce incomes by 2.9%. Additionally, his plan for a 200% tariff on auto imports from Mexico could add another $600 in taxes per household. Despite the projected generation of $4.5 trillion in net revenue over ten years, critics warn that these tariffs would likely harm the U.S. economy, leading to job losses and increased consumer prices. The potential economic fallout is especially concerning for Mexico, heavily reliant on trade with the U.S., with experts predicting rising unemployment and migration pressures as a result of Trump's aggressive tariff strategy. Furthermore, economists emphasize that tariffs are taxes on U.S. businesses that import goods, meaning the financial burden would ultimately fall on American consumers. Trump's tariff policies reflect a shift towards a more isolationist economic approach, which many analysts believe could destabilize global trade relationships.