#TrumpTariffs TrumpTariffs Trump Tariffs. Let me start by reminding you what I know. Trump was President of the United States from 2017 to 2021, right? During his term, there was a lot of discussion about trade wars, particularly with China. I remember hearing about tariffs on steel and aluminum, but there may have been other tariffs as well. First,

tariffs are actually taxes on imported goods, which raise their price. The goal is to protect local industries from foreign competition by raising the prices of imports. Thus, the Trump administration imposed these tariffs to help American businesses, but why steel and aluminum in particular? Perhaps these industries were struggling, and Trump wanted to support them.

Next, there is the Chinese side. There was a major trade dispute between the United States and China. Trump accused China. Trump accused China of unfair practices, such as intellectual property theft and forced technology transfer. He therefore imposed tariffs on many Chinese goods. China responded by imposing tariffs on American products. This situation escalated into a trade war. Did it have an impact on the economy? Perhaps some companies suffered due to increased costs, while others benefited from reduced competition.

What about the first phase of the trade agreement? Perhaps it was an agreement to ease tensions?