Understanding #TrumpTariffs : Impact and Implications

The term #TrumpTariffs refers to the series of import taxes imposed during Donald Trump's presidency, primarily targeting China but also affecting other countries like Canada, Mexico, and the European Union. The tariffs were introduced under the premise of protecting American industries, addressing trade imbalances, and pressuring foreign governments to revise unfair trade practices. While some U.S. manufacturers saw temporary relief, the broader economic impact included rising costs for businesses and consumers, disrupted global supply chains, and retaliatory tariffs on U.S. exports. Economists remain divided on their long-term effectiveness, with many arguing that the tariffs hurt more than helped American competitiveness.