President Donald Trump's tariff policies have created global economic uncertainty since taking office. A timeline of key actions reveals rising tariffs on Mexican, Canadian, and Chinese imports, causing market chaos and affecting worldwide trade relations.

The recent inflation rise to 2.7% in June, driven by consumer prices, signals potential financial strain. As tariffs take effect, consumers may face increased costs, impacting their purchasing power.

While Philippine exports to the United States are still set to face a 19% tariff, economists expect only limited impact on the country's economy given its relatively low dependence on American demand compared with other Asian economies,