During Donald Trump’s presidency (2017–2021), the U.S. implemented a series of tariffs as part of his administration's "America First" trade policy. The key aspects included:
China and the Trade War🔥🚀
In 2018, Trump imposed tariffs on $250 billion worth of Chinese goods, citing unfair trade practices and intellectual property theft.
China retaliated with tariffs on U.S. exports, including agricultural products like soybeans.
By 2019, additional tariffs were placed on $300 billion worth of Chinese goods.
The Phase One Trade Deal (January 2020) led to China agreeing to purchase more U.S. goods in exchange for some tariff relief.
Tariffs on Other Countries🔥🚀
Steel and Aluminum Tariffs (2018):
25% on steel and 10% on aluminum imports, affecting Canada, Mexico, the EU, and others.
European Union: 🔥🚀
Tariffs on aircraft, wine, and cheese due to disputes over subsidies for Airbus and Boeing.
Canada & Mexico: 🔥🚀
NAFTA was replaced with the USMCA (United States-Mexico-Canada Agreement), keeping some protections for U.S. industries.
Impact of Trump’s Tariffs
Domestic manufacturing:🔥🚀
Some industries benefited, but others, like auto manufacturers, faced higher costs.
Farmers & Agriculture: 🔥🚀
U.S. farmers suffered as China reduced soybean and pork imports, leading to government bailout packages for farmers.
Inflation & Consumer Prices: 🔥🚀
Increased costs for businesses were often passed to consumers.
After Trump left office, the Biden administration kept many of these tariffs in place but explored modifications.
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