#TrumpTariffs Donald Trump's tariffs have had a significant impact on the US economy and trade relationships. During his presidency, Trump imposed tariffs on various countries, including China, Canada, and Mexico, citing national security concerns and unfair trade practices ¹.

*Key Tariffs Imposed:*

- _China:_ 10% to 25% tariffs on approximately $380 billion worth of goods

- _Canada and Mexico:_ 25% tariffs on steel and aluminum, with some exemptions

- _European Union:_ Threatened 25% tariffs on $8 billion worth of goods

These tariffs have led to retaliation from affected countries, resulting in a trade war that has affected various industries, including agriculture, manufacturing, and automotive ¹.

*Economic Impact:*

Studies suggest that Trump's tariffs have reduced US economic output by 0.4% and led to a loss of 358,000 full-time equivalent jobs. The tariffs have also increased prices for US consumers and businesses, with the average tariff rate on all imports rising to 8.4%, the highest since 1946 ¹.

*Revenue Generated:*

The tariffs have generated significant revenue for the US government, with estimated conventional revenue of $1.727 trillion and dynamic revenue of $1.385 trillion over 10 years ¹.