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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

How Tariffs Work and What They Mean for You in 2025

United States trade cargo container hanging against clouds background.

Tariffs on imported goods are a favored proposal in the eyes of President Donald Trump, who is imposing sweeping universal tariffs.

As of April 9, 2025, the United States has implemented a 10% baseline tariff on most imports (currently paused for 90 days), with escalating rates targeting specific nations. That includes a more than 100% levy on Chinese goods and 25% on foreign automobiles.

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