Trump Expected to Resume Tariffs Amid Fragile Trade Truce

President Donald Trump's recent tariff policies represent a significant shift in U.S. trade strategy aimed at revitalizing domestic industries and addressing perceived unfair trade practices by key partners such as the European Union and Japan. His administration's approach, branded under the 'Make America Great and Safe Again' agenda, employs high tariffs and reciprocal measures to counteract tariffs and non-tariff barriers like subsidies and regulatory hurdles, particularly targeting sectors like automotive and agriculture. Trump initially announced a broad tariffs plan on April 2, 2025, dubbed 'Liberation Day,' imposing a 10% tariff on all imports and higher rates on specific countries, triggering global market turmoil. However, within weeks, a temporary 90-day truce was declared to allow negotiations, which Trump now threatens to break due to operational challenges in managing agreements with over 150 countries simultaneously. This unilateral approach reflects a departure from earlier narratives of negotiating favorable bilateral deals and has contributed to negative economic impacts including higher prices and slowed growth. The ongoing uncertainty and aggressive tariff stance continue to influence global trade dynamics and U.S. economic relations.